SPDR SSGA My2033 Corporate Bond ETF (NASDAQ:MYCM) Stock Price Down 0.5% – Time to Sell?

SPDR SSGA My2033 Corporate Bond ETF (NASDAQ:MYCM)’s share price was down 0.5% on Wednesday . The company traded as low as $24.70 and last traded at $24.70. Approximately 1,002 shares changed hands during trading, a decline of 10% from the average daily volume of 1,117 shares. The stock had previously closed at $24.83.

SPDR SSGA My2033 Corporate Bond ETF Stock Performance

The company’s 50 day moving average price is $25.02 and its 200-day moving average price is $25.03.

SPDR SSGA My2033 Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.0976 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. This is a boost from SPDR SSGA My2033 Corporate Bond ETF’s previous monthly dividend of $0.09.

Hedge Funds Weigh In On SPDR SSGA My2033 Corporate Bond ETF

Several large investors have recently modified their holdings of MYCM. Lido Advisors LLC purchased a new position in SPDR SSGA My2033 Corporate Bond ETF in the 4th quarter valued at approximately $2,579,000. Jane Street Group LLC lifted its position in shares of SPDR SSGA My2033 Corporate Bond ETF by 191.3% during the first quarter. Jane Street Group LLC now owns 45,657 shares of the company’s stock worth $1,113,000 after acquiring an additional 29,986 shares in the last quarter. Finally, PFG Private Wealth Management LLC bought a new position in shares of SPDR SSGA My2033 Corporate Bond ETF in the third quarter worth $203,000.

SPDR SSGA My2033 Corporate Bond ETF Company Profile

The SPDR SSgA My2033 Corporate Bond ETF (MYCM) 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 2033. Bonds are USD-denominated. MYCM was launched on Sep 23, 2024 and is issued by State Street.