SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Sees Large Volume Increase – Still a Buy?

Shares of SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) saw strong trading volume on Tuesday . 135,338 shares were traded during mid-day trading, an increase of 30% from the previous session’s volume of 103,776 shares.The stock last traded at $40.50 and had previously closed at $40.50.

SPDR SSgA Ultra Short Term Bond ETF Price Performance

The business’s 50 day moving average price is $40.53 and its 200-day moving average price is $40.53.

Institutional Trading of SPDR SSgA Ultra Short Term Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of ULST. Zega Financial LLC bought a new position in shares of SPDR SSgA Ultra Short Term Bond ETF in the 3rd quarter worth about $258,000. Brown Financial Advisors raised its stake in SPDR SSgA Ultra Short Term Bond ETF by 5.0% during the third quarter. Brown Financial Advisors now owns 88,624 shares of the company’s stock worth $3,614,000 after acquiring an additional 4,185 shares during the period. Sanctuary Advisors LLC lifted its holdings in SPDR SSgA Ultra Short Term Bond ETF by 209.0% in the third quarter. Sanctuary Advisors LLC now owns 38,615 shares of the company’s stock worth $1,565,000 after acquiring an additional 26,117 shares during the last quarter. Copley Financial Group Inc. acquired a new position in SPDR SSgA Ultra Short Term Bond ETF in the third quarter valued at approximately $3,752,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of SPDR SSgA Ultra Short Term Bond ETF by 6,117.9% during the third quarter. JPMorgan Chase & Co. now owns 7,648 shares of the company’s stock valued at $312,000 after purchasing an additional 7,525 shares during the last quarter.

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.