SPDR SSGA My2033 Corporate Bond ETF (NASDAQ:MYCM) Trading Down 0.5% – Here’s Why

SPDR SSGA My2033 Corporate Bond ETF (NASDAQ:MYCMGet Free Report)’s share price dropped 0.5% on Monday . The stock traded as low as $24.90 and last traded at $24.90. Approximately 1,493 shares traded hands during trading, an increase of 33% from the average daily volume of 1,119 shares. The stock had previously closed at $25.02.

SPDR SSGA My2033 Corporate Bond ETF Price Performance

The firm’s 50-day moving average is $25.00 and its 200-day moving average is $24.95.

SPDR SSGA My2033 Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd will be issued a $0.0925 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Monday, February 2nd.

Institutional Trading of SPDR SSGA My2033 Corporate Bond ETF

A hedge fund recently bought a new stake in SPDR SSGA My2033 Corporate Bond ETF stock. PFG Private Wealth Management LLC bought a new position in SPDR SSGA My2033 Corporate Bond ETF (NASDAQ:MYCMFree Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 8,123 shares of the company’s stock, valued at approximately $203,000. PFG Private Wealth Management LLC owned about 4.06% of SPDR SSGA My2033 Corporate Bond ETF at the end of the most recent reporting period.

About SPDR SSGA My2033 Corporate Bond ETF

(Get Free Report)

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.

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