SPDR SSGA My2029 Municipal Bond ETF (NASDAQ:MYMI) Stock Price Up 0% – Still a Buy?

SPDR SSGA My2029 Municipal Bond ETF (NASDAQ:MYMI)’s stock price was up 0% during mid-day trading on Monday . The company traded as high as $24.94 and last traded at $24.9290. Approximately 1,214 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 3,578 shares. The stock had previously closed at $24.92.

SPDR SSGA My2029 Municipal Bond ETF Stock Performance

The firm’s fifty day moving average price is $24.76 and its two-hundred day moving average price is $24.66.

SPDR SSGA My2029 Municipal Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a $0.0561 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%.

Institutional Investors Weigh In On SPDR SSGA My2029 Municipal Bond ETF

A hedge fund recently raised its stake in SPDR SSGA My2029 Municipal Bond ETF stock. Heartwood Wealth Advisors LLC lifted its holdings in SPDR SSGA My2029 Municipal Bond ETF (NASDAQ:MYMI) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 237,069 shares of the company’s stock after purchasing an additional 2,477 shares during the period. Heartwood Wealth Advisors LLC owned about 47.41% of SPDR SSGA My2029 Municipal Bond ETF worth $5,837,000 as of its most recent filing with the Securities & Exchange Commission.

About SPDR SSGA My2029 Municipal Bond ETF

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.