SPDR SSGA My2029 Municipal Bond ETF (NASDAQ:MYMI) Stock Price Down 0% – Time to Sell?

SPDR SSGA My2029 Municipal Bond ETF (NASDAQ:MYMI)’s stock price was down 0% on Friday . The company traded as low as $24.85 and last traded at $24.8260. Approximately 1,401 shares traded hands during trading, a decline of 70% from the average daily volume of 4,725 shares. The stock had previously closed at $24.83.

SPDR SSGA My2029 Municipal Bond ETF Stock Down 0.0%

The firm’s 50 day moving average price is $24.68 and its 200-day moving average price is $24.59.

SPDR SSGA My2029 Municipal Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Thursday, December 18th were paid a dividend of $0.0577 per share. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date was Thursday, December 18th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SPDR SSGA My2029 Municipal Bond ETF stock. Exchange Capital Management Inc. increased its holdings in shares of SPDR SSGA My2029 Municipal Bond ETF (NASDAQ:MYMI) by 102.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,170 shares of the company’s stock after purchasing an additional 12,240 shares during the quarter. Exchange Capital Management Inc. owned 6.91% of SPDR SSGA My2029 Municipal Bond ETF worth $590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

SPDR SSGA My2029 Municipal Bond ETF Company Profile

The SPDR SSgA My2029 Municipal Bond ETF (MYMI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of investment grade municipal bonds with effective maturities in 2029. Bonds are USD-denominated. MYMI was launched on Sep 23, 2024 and is issued by State Street.