L2 Asset Management LLC Invests $1.50 Million in SPDR SSGA My2027 Corporate Bond ETF $MYCG

L2 Asset Management LLC purchased a new position in shares of SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 59,793 shares of the company’s stock, valued at approximately $1,501,000. L2 Asset Management LLC owned about 5.98% of SPDR SSGA My2027 Corporate Bond ETF as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in MYCG. Private Advisor Group LLC acquired a new stake in SPDR SSGA My2027 Corporate Bond ETF during the 3rd quarter worth approximately $215,000. Fourth Dimension Wealth LLC acquired a new position in shares of SPDR SSGA My2027 Corporate Bond ETF in the third quarter valued at approximately $281,000. Beacon Financial Group increased its holdings in shares of SPDR SSGA My2027 Corporate Bond ETF by 10.0% in the third quarter. Beacon Financial Group now owns 8,798 shares of the company’s stock valued at $221,000 after purchasing an additional 798 shares during the period. Jane Street Group LLC increased its holdings in shares of SPDR SSGA My2027 Corporate Bond ETF by 102.4% in the second quarter. Jane Street Group LLC now owns 34,575 shares of the company’s stock valued at $865,000 after purchasing an additional 17,489 shares during the period. Finally, Marathon Capital Management increased its holdings in shares of SPDR SSGA My2027 Corporate Bond ETF by 107.3% in the second quarter. Marathon Capital Management now owns 25,471 shares of the company’s stock valued at $637,000 after purchasing an additional 13,186 shares during the period.

SPDR SSGA My2027 Corporate Bond ETF Stock Performance

SPDR SSGA My2027 Corporate Bond ETF stock opened at $24.96 on Tuesday. The business has a 50 day simple moving average of $25.06 and a 200-day simple moving average of $25.05. SPDR SSGA My2027 Corporate Bond ETF has a 12 month low of $24.65 and a 12 month high of $27.31.

SPDR SSGA My2027 Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a $0.0882 dividend. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Monday, March 2nd.

SPDR SSGA My2027 Corporate Bond ETF Company Profile

The SPDR SSgA My2027 Corporate Bond ETF (MYCG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of investment grade corporate bonds with effective maturities in 2027. Bonds are USD-denominated. MYCG was launched on Sep 23, 2024 and is issued by State Street.