Avestar Capital LLC Lowers Position in SPDR SSgA Ultra Short Term Bond ETF $ULST

Avestar Capital LLC reduced its stake in SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) by 8.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 666,961 shares of the company’s stock after selling 63,085 shares during the period. SPDR SSgA Ultra Short Term Bond ETF makes up about 1.8% of Avestar Capital LLC’s holdings, making the stock its 7th largest holding. Avestar Capital LLC owned 4.20% of SPDR SSgA Ultra Short Term Bond ETF worth $27,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. Assetmark Inc. purchased a new stake in SPDR SSgA Ultra Short Term Bond ETF during the 3rd quarter worth about $31,000. Geneos Wealth Management Inc. bought a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF during the first quarter valued at about $37,000. Collier Financial purchased a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF in the third quarter worth about $60,000. Key Financial Inc purchased a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF in the third quarter worth about $183,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of SPDR SSgA Ultra Short Term Bond ETF by 7.6% in the second quarter. PNC Financial Services Group Inc. now owns 7,072 shares of the company’s stock valued at $288,000 after acquiring an additional 501 shares during the period.

SPDR SSgA Ultra Short Term Bond ETF Stock Down 0.0%

Shares of NYSEARCA:ULST opened at $40.58 on Thursday. The company has a 50 day moving average of $40.55 and a 200 day moving average of $40.60. SPDR SSgA Ultra Short Term Bond ETF has a 12 month low of $40.34 and a 12 month high of $40.76.

SPDR SSgA Ultra Short Term Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a $0.1394 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.1%.

SPDR SSgA Ultra Short Term Bond ETF Company 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. ULST was launched on Oct 9, 2013 and is managed by State Street.