SPDR SSGA My2032 Corporate Bond ETF (NASDAQ:MYCL) Shares Down 0.2% – Time to Sell?

SPDR SSGA My2032 Corporate Bond ETF (NASDAQ:MYCL) dropped 0.2% during mid-day trading on Thursday . The stock traded as low as $25.00 and last traded at $24.9910. Approximately 3 shares changed hands during trading, a decline of 100% from the average daily volume of 4,401 shares. The stock had previously closed at $25.05.

SPDR SSGA My2032 Corporate Bond ETF Price Performance

The firm has a 50-day moving average of $25.02 and a 200 day moving average of $24.93.

SPDR SSGA My2032 Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Thursday, December 18th were issued a dividend of $0.1009 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. This is a positive change from SPDR SSGA My2032 Corporate Bond ETF’s previous monthly dividend of $0.10. The ex-dividend date of this dividend was Thursday, December 18th.

Hedge Funds Weigh In On SPDR SSGA My2032 Corporate Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Exchange Capital Management Inc. increased its stake in SPDR SSGA My2032 Corporate Bond ETF by 63.1% during the 2nd quarter. Exchange Capital Management Inc. now owns 59,411 shares of the company’s stock valued at $1,466,000 after buying an additional 22,991 shares during the period. PFG Private Wealth Management LLC acquired a new stake in shares of SPDR SSGA My2032 Corporate Bond ETF in the 3rd quarter worth approximately $203,000. Finally, Global Financial Private Client LLC boosted its holdings in shares of SPDR SSGA My2032 Corporate Bond ETF by 38.5% in the second quarter. Global Financial Private Client LLC now owns 18,190 shares of the company’s stock valued at $449,000 after acquiring an additional 5,060 shares in the last quarter.

SPDR SSGA My2032 Corporate Bond ETF Company Profile

The SPDR SSgA My2032 Corporate Bond ETF (MYCL) 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 2032. Bonds are USD-denominated. MYCL was launched on Sep 23, 2024 and is issued by State Street.