Kraft Davis & Associates LLC Has $9.65 Million Stock Position in SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST)

Kraft Davis & Associates LLC raised its holdings in SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) by 124.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 238,097 shares of the company’s stock after acquiring an additional 132,021 shares during the quarter. SPDR SSgA Ultra Short Term Bond ETF makes up about 2.9% of Kraft Davis & Associates LLC’s portfolio, making the stock its 14th largest holding. Kraft Davis & Associates LLC’s holdings in SPDR SSgA Ultra Short Term Bond ETF were worth $9,651,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ULST. Bank of New York Mellon Corp increased its position in SPDR SSgA Ultra Short Term Bond ETF by 29.2% in the 1st quarter. Bank of New York Mellon Corp now owns 124,407 shares of the company’s stock valued at $4,980,000 after acquiring an additional 28,094 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in SPDR SSgA Ultra Short Term Bond ETF in the 1st quarter valued at approximately $264,000. Merit Financial Group LLC acquired a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF during the first quarter worth $323,000. Equitable Holdings Inc. acquired a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF during the first quarter worth $1,371,000. Finally, Worth Asset Management LLC acquired a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF during the first quarter worth $342,000.

SPDR SSgA Ultra Short Term Bond ETF Price Performance

Shares of ULST remained flat at $40.36 during trading hours on Friday. 113,593 shares of the stock traded hands, compared to its average volume of 118,824. SPDR SSgA Ultra Short Term Bond ETF has a 52 week low of $40.07 and a 52 week high of $40.69. The business’s fifty day simple moving average is $40.41 and its 200-day simple moving average is $40.35.

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.