SPDR SSGA My2026 Corporate Bond ETF (NASDAQ:MYCF) Stock Price Up 0.1% – Still a Buy?

SPDR SSGA My2026 Corporate Bond ETF (NASDAQ:MYCF)’s stock price rose 0.1% during trading on Wednesday . The company traded as high as $25.12 and last traded at $25.11. Approximately 11,937 shares were traded during mid-day trading, an increase of 46% from the average daily volume of 8,163 shares. The stock had previously closed at $25.09.

SPDR SSGA My2026 Corporate Bond ETF Trading Up 0.1%

The stock has a 50-day moving average of $25.06 and a 200 day moving average of $25.07.

SPDR SSGA My2026 Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, December 23rd. Investors of record on Thursday, December 18th were issued a $0.0969 dividend. This is a positive change from SPDR SSGA My2026 Corporate Bond ETF’s previous monthly dividend of $0.09. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date was Thursday, December 18th.

Institutional Trading of SPDR SSGA My2026 Corporate Bond ETF

Institutional investors have recently bought and sold shares of the business. Exchange Capital Management Inc. lifted its stake in SPDR SSGA My2026 Corporate Bond ETF by 349.6% in the second quarter. Exchange Capital Management Inc. now owns 101,977 shares of the company’s stock valued at $2,559,000 after buying an additional 79,295 shares during the period. Hobbs Group Advisors LLC bought a new stake in shares of SPDR SSGA My2026 Corporate Bond ETF in the 4th quarter valued at about $575,000. Susquehanna International Group LLP raised its position in shares of SPDR SSGA My2026 Corporate Bond ETF by 10.6% in the 3rd quarter. Susquehanna International Group LLP now owns 41,255 shares of the company’s stock valued at $1,037,000 after acquiring an additional 3,959 shares during the period. Fourth Dimension Wealth LLC acquired a new stake in shares of SPDR SSGA My2026 Corporate Bond ETF in the 3rd quarter valued at approximately $699,000. Finally, Jane Street Group LLC bought a new position in SPDR SSGA My2026 Corporate Bond ETF during the 1st quarter worth approximately $390,000.

About SPDR SSGA My2026 Corporate Bond ETF

The SPDR SSgA My2026 Corporate Bond ETF (MYCF) 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 2026. Bonds are USD-denominated. MYCF was launched on Sep 23, 2023 and is issued by State Street.