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

SPDR SSGA My2033 Corporate Bond ETF (NASDAQ:MYCM) traded down 0.5% during trading on Wednesday . The stock traded as low as $24.70 and last traded at $24.70. 1,002 shares were traded 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 Stock Down 1.0%

The company’s 50 day moving average price is $25.00 and its two-hundred day moving average price is $25.02.

SPDR SSGA My2033 Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a dividend of $0.0976 per share. This represents a c) annualized dividend and a dividend yield of 4.8%. This is a boost from SPDR SSGA My2033 Corporate Bond ETF’s previous monthly dividend of $0.09. The ex-dividend date was Monday, March 2nd.

Institutional Investors Weigh In On SPDR SSGA My2033 Corporate Bond ETF

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

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.