SPDR SSGA My2033 Corporate Bond ETF (NASDAQ:MYCM) Stock Price Down 0.5% – Time to Sell?

SPDR SSGA My2033 Corporate Bond ETF (NASDAQ:MYCMGet Free Report) shares fell 0.5% during mid-day trading on Wednesday . The company traded as low as $24.70 and last traded at $24.70. 1,002 shares changed hands during trading, a decline of 10% from the average session volume of 1,117 shares. The stock had previously closed at $24.83.

SPDR SSGA My2033 Corporate Bond ETF Trading Down 0.5%

The company has a fifty day moving average price of $25.02 and a 200 day moving average price of $25.03.

SPDR SSGA My2033 Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.0976 per share. This is an increase from SPDR SSGA My2033 Corporate Bond ETF’s previous monthly dividend of $0.09. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.7%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Lido Advisors LLC purchased a new stake in SPDR SSGA My2033 Corporate Bond ETF during the fourth quarter valued at about $2,579,000. Jane Street Group LLC boosted its holdings in shares of SPDR SSGA My2033 Corporate Bond ETF by 191.3% in the 1st quarter. Jane Street Group LLC now owns 45,657 shares of the company’s stock worth $1,113,000 after purchasing an additional 29,986 shares in the last quarter. Finally, PFG Private Wealth Management LLC purchased a new position in shares of SPDR SSGA My2033 Corporate Bond ETF in the 3rd quarter worth about $203,000.

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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