SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Sees Unusually-High Trading Volume – Time to Buy?

Shares of SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) saw strong trading volume on Friday . 212,148 shares changed hands during trading, an increase of 69% from the previous session’s volume of 125,294 shares.The stock last traded at $40.50 and had previously closed at $40.49.

SPDR SSgA Ultra Short Term Bond ETF Stock Up 0.0%

The firm has a fifty day moving average price of $40.56 and a two-hundred day moving average price of $40.60.

SPDR SSgA Ultra Short Term Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.1242 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%.

Institutional Investors Weigh In On SPDR SSgA Ultra Short Term Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Avestar Capital LLC raised its position in shares of SPDR SSgA Ultra Short Term Bond ETF by 13.0% during the 2nd quarter. Avestar Capital LLC now owns 730,046 shares of the company’s stock worth $29,684,000 after purchasing an additional 84,203 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in SPDR SSgA Ultra Short Term Bond ETF by 8.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 30,607 shares of the company’s stock valued at $1,244,000 after buying an additional 2,437 shares in the last quarter. WT Wealth Management boosted its holdings in SPDR SSgA Ultra Short Term Bond ETF by 24.8% in the 3rd quarter. WT Wealth Management now owns 113,172 shares of the company’s stock worth $4,605,000 after buying an additional 22,523 shares during the last quarter. PTM Wealth Management LLC increased its stake in SPDR SSgA Ultra Short Term Bond ETF by 8.2% during the 3rd quarter. PTM Wealth Management LLC now owns 659,864 shares of the company’s stock worth $26,789,000 after buying an additional 50,093 shares in the last quarter. Finally, CWM LLC increased its stake in SPDR SSgA Ultra Short Term Bond ETF by 13.9% during the 3rd quarter. CWM LLC now owns 3,562,010 shares of the company’s stock worth $144,938,000 after buying an additional 434,344 shares in 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. ULST was launched on Oct 9, 2013 and is managed by State Street.