SPDR SSGA My2032 Corporate Bond ETF (NASDAQ:MYCL) Trading 0.1% Higher – Here’s What Happened

SPDR SSGA My2032 Corporate Bond ETF (NASDAQ:MYCL) shares shot up 0.1% on Friday . The stock traded as high as $25.09 and last traded at $25.09. 5,080 shares were traded during mid-day trading, an increase of 75% from the average session volume of 2,904 shares. The stock had previously closed at $25.07.

SPDR SSGA My2032 Corporate Bond ETF Stock Performance

The company’s 50-day simple moving average is $25.04 and its 200 day simple moving average is $24.98.

SPDR SSGA My2032 Corporate Bond ETF Increases Dividend

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

Institutional Investors Weigh In On SPDR SSGA My2032 Corporate Bond ETF

An institutional investor recently raised its position in SPDR SSGA My2032 Corporate Bond ETF stock. Exchange Capital Management Inc. grew its stake in SPDR SSGA My2032 Corporate Bond ETF (NASDAQ:MYCL) by 63.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,411 shares of the company’s stock after purchasing an additional 22,991 shares during the period. Exchange Capital Management Inc. owned approximately 23.76% of SPDR SSGA My2032 Corporate Bond ETF worth $1,466,000 at the end of the most recent reporting period.

About SPDR SSGA My2032 Corporate Bond ETF

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.