SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Sets New 52-Week Low – Time to Sell?

Shares of SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $40.20 and last traded at $40.41, with a volume of 560717 shares trading hands. The stock had previously closed at $40.40.

SPDR SSgA Ultra Short Term Bond ETF Trading Up 0.0%

The business has a fifty day simple moving average of $40.51 and a two-hundred day simple moving average of $40.57.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ULST. AQR Capital Management LLC lifted its stake in shares of SPDR SSgA Ultra Short Term Bond ETF by 28.6% during the first quarter. AQR Capital Management LLC now owns 105,984 shares of the company’s stock worth $4,308,000 after buying an additional 23,540 shares during the period. NewEdge Advisors LLC increased its holdings in SPDR SSgA Ultra Short Term Bond ETF by 45.4% in the 1st quarter. NewEdge Advisors LLC now owns 16,130 shares of the company’s stock worth $656,000 after buying an additional 5,038 shares during the period. Geneos Wealth Management Inc. purchased a new position in SPDR SSgA Ultra Short Term Bond ETF during the 1st quarter worth approximately $37,000. Jane Street Group LLC lifted its stake in SPDR SSgA Ultra Short Term Bond ETF by 349.1% during the 2nd quarter. Jane Street Group LLC now owns 78,904 shares of the company’s stock valued at $3,208,000 after acquiring an additional 61,333 shares during the period. Finally, Bank of America Corp DE lifted its stake in SPDR SSgA Ultra Short Term Bond ETF by 36.3% during the 2nd quarter. Bank of America Corp DE now owns 273,743 shares of the company’s stock valued at $11,130,000 after acquiring an additional 72,900 shares during the period.

About SPDR SSgA Ultra Short Term Bond ETF

The SPDR SSgA Ultra Short Term Bond ETF (ULST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that aims to maximize income and preserve capital using USD-denominated fixed-income securities with maturities ranging from 6 to 18 months and durations of 3 to 6 months. ULST was launched on Oct 9, 2013 and is managed by State Street.