SPDR SSGA My2033 Corporate Bond ETF (NASDAQ:MYCM) Stock Price Down 0.2% – Here’s Why

SPDR SSGA My2033 Corporate Bond ETF (NASDAQ:MYCM) was down 0.2% during mid-day trading on Wednesday . The stock traded as low as $24.32 and last traded at $24.32. Approximately 111 shares traded hands during trading, a decline of 93% from the average daily volume of 1,667 shares. The stock had previously closed at $24.36.

SPDR SSGA My2033 Corporate Bond ETF Trading Up 0.0%

The stock’s fifty day simple moving average is $24.54 and its 200 day simple moving average is $24.77.

SPDR SSGA My2033 Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.0982 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Wednesday, July 1st. This is a positive change from SPDR SSGA My2033 Corporate Bond ETF’s previous monthly dividend of $0.10.

Hedge Funds Weigh In On SPDR SSGA My2033 Corporate Bond ETF

A number of institutional investors have recently bought and sold shares of MYCM. Jane Street Group LLC lifted its position in SPDR SSGA My2033 Corporate Bond ETF by 191.3% during the first quarter. Jane Street Group LLC now owns 45,657 shares of the company’s stock valued at $1,113,000 after purchasing an additional 29,986 shares in the last quarter. Lido Advisors LLC purchased a new stake in SPDR SSGA My2033 Corporate Bond ETF in the fourth quarter worth about $2,579,000. Global Financial Private Client LLC raised its stake in shares of SPDR SSGA My2033 Corporate Bond ETF by 25.7% in the first quarter. Global Financial Private Client LLC now owns 21,075 shares of the company’s stock worth $521,000 after buying an additional 4,311 shares during the period. Private Advisor Group LLC raised its stake in shares of SPDR SSGA My2033 Corporate Bond ETF by 41.6% in the first quarter. Private Advisor Group LLC now owns 27,089 shares of the company’s stock worth $670,000 after buying an additional 7,965 shares during the period. Finally, Global Assets Advisory LLC purchased a new position in shares of SPDR SSGA My2033 Corporate Bond ETF during the 1st quarter valued at about $476,000.

About SPDR SSGA My2033 Corporate Bond ETF

The SPDR SSgA My2033 Corporate Bond ETF (MYCM) 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 2033. Bonds are USD-denominated. MYCM was launched on Sep 23, 2024 and is issued by State Street.