Bouchey Financial Group Ltd Reduces Stock Position in SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST)

Bouchey Financial Group Ltd cut its stake in SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) by 63.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 169,935 shares of the company’s stock after selling 290,798 shares during the period. SPDR SSgA Ultra Short Term Bond ETF makes up approximately 0.6% of Bouchey Financial Group Ltd’s holdings, making the stock its 24th largest holding. Bouchey Financial Group Ltd owned about 1.18% of SPDR SSgA Ultra Short Term Bond ETF worth $6,867,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in ULST. Ieq Capital LLC purchased a new position in SPDR SSgA Ultra Short Term Bond ETF in the fourth quarter valued at about $10,801,000. Avestar Capital LLC increased its holdings in SPDR SSgA Ultra Short Term Bond ETF by 25.6% in the third quarter. Avestar Capital LLC now owns 566,224 shares of the company’s stock valued at $23,091,000 after buying an additional 115,246 shares in the last quarter. Copley Financial Group Inc. purchased a new position in SPDR SSgA Ultra Short Term Bond ETF in the third quarter valued at about $3,752,000. BIP Wealth LLC increased its stake in shares of SPDR SSgA Ultra Short Term Bond ETF by 19.6% during the 3rd quarter. BIP Wealth LLC now owns 468,672 shares of the company’s stock worth $19,112,000 after purchasing an additional 76,726 shares in the last quarter. Finally, Gradient Investments LLC increased its stake in shares of SPDR SSgA Ultra Short Term Bond ETF by 2.2% during the 4th quarter. Gradient Investments LLC now owns 1,745,483 shares of the company’s stock worth $70,535,000 after purchasing an additional 36,987 shares in the last quarter.

SPDR SSgA Ultra Short Term Bond ETF Price Performance

Shares of ULST opened at $40.60 on Friday. The firm has a 50 day simple moving average of $40.46 and a 200-day simple moving average of $40.55. SPDR SSgA Ultra Short Term Bond ETF has a 1-year low of $40.24 and a 1-year high of $40.84.

SPDR SSgA Ultra Short Term Bond ETF Profile

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.