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

SPDR SSGA My2033 Corporate Bond ETF (NASDAQ:MYCM) shares traded down 0.2% during mid-day trading on Tuesday . The stock traded as low as $24.67 and last traded at $24.70. 108 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 1,789 shares. The stock had previously closed at $24.76.

SPDR SSGA My2033 Corporate Bond ETF Stock Performance

The business has a 50 day moving average of $24.65 and a 200-day moving average of $24.83.

SPDR SSGA My2033 Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were paid a $0.0965 dividend. The ex-dividend date of this dividend was Monday, June 1st. This is an increase from SPDR SSGA My2033 Corporate Bond ETF’s previous monthly dividend of $0.10. This represents a c) dividend on an annualized basis and a yield of 4.7%.

Institutional Investors Weigh In On SPDR SSGA My2033 Corporate Bond ETF

Several large investors have recently made changes to their positions in MYCM. Jane Street Group LLC bought a new stake in shares of SPDR SSGA My2033 Corporate Bond ETF during the fourth quarter worth $240,000. Global Assets Advisory LLC acquired a new position in SPDR SSGA My2033 Corporate Bond ETF in the 1st quarter worth $476,000. Global Financial Private Client LLC increased its holdings in SPDR SSGA My2033 Corporate Bond ETF by 25.7% during the 1st quarter. Global Financial Private Client LLC now owns 21,075 shares of the company’s stock worth $521,000 after purchasing an additional 4,311 shares in the last quarter. Private Advisor Group LLC increased its holdings in SPDR SSGA My2033 Corporate Bond ETF by 41.6% during the 1st quarter. Private Advisor Group LLC now owns 27,089 shares of the company’s stock worth $670,000 after purchasing an additional 7,965 shares in the last quarter. Finally, Lido Advisors LLC bought a new position in SPDR SSGA My2033 Corporate Bond ETF during the 4th quarter worth about $2,579,000.

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.