SPDR SSGA My2029 Corporate Bond ETF (NASDAQ:MYCI) Shares Up 0.1% – Still a Buy?

SPDR SSGA My2029 Corporate Bond ETF (NASDAQ:MYCI)’s share price traded up 0.1% during mid-day trading on Friday . The stock traded as high as $25.13 and last traded at $25.1250. 1,812 shares changed hands during trading, a decline of 73% from the average session volume of 6,631 shares. The stock had previously closed at $25.09.

SPDR SSGA My2029 Corporate Bond ETF Price Performance

The business’s 50-day simple moving average is $25.04 and its two-hundred day simple moving average is $25.02.

SPDR SSGA My2029 Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, December 23rd. Investors of record on Thursday, December 18th were paid a $0.0937 dividend. The ex-dividend date was Thursday, December 18th. This represents a c) annualized dividend and a dividend yield of 4.5%.

Institutional Investors Weigh In On SPDR SSGA My2029 Corporate Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. PFG Private Wealth Management LLC acquired a new position in shares of SPDR SSGA My2029 Corporate Bond ETF in the 3rd quarter valued at approximately $202,000. Private Advisor Group LLC bought a new stake in shares of SPDR SSGA My2029 Corporate Bond ETF in the third quarter worth $306,000. Farther Finance Advisors LLC acquired a new stake in SPDR SSGA My2029 Corporate Bond ETF in the fourth quarter valued at $784,000. Jane Street Group LLC raised its holdings in SPDR SSGA My2029 Corporate Bond ETF by 58.1% in the second quarter. Jane Street Group LLC now owns 37,542 shares of the company’s stock valued at $937,000 after acquiring an additional 13,791 shares in the last quarter. Finally, L2 Asset Management LLC bought a new position in SPDR SSGA My2029 Corporate Bond ETF during the 3rd quarter valued at $1,502,000.

About SPDR SSGA My2029 Corporate Bond ETF

The SPDR SSgA My2029 Corporate Bond ETF (MYCI) 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 2029. Bonds are USD-denominated. MYCI was launched on Sep 23, 2024 and is issued by State Street.