SPDR SSGA My2029 Corporate Bond ETF (NASDAQ:MYCI) Shares Up 0.1% – Here’s Why

Shares of SPDR SSGA My2029 Corporate Bond ETF (NASDAQ:MYCI) rose 0.1% during mid-day trading on Friday . The stock traded as high as $25.13 and last traded at $25.1250. Approximately 1,812 shares were traded during trading, a decline of 73% from the average daily volume of 6,631 shares. The stock had previously closed at $25.09.

SPDR SSGA My2029 Corporate Bond ETF Price Performance

The company has a fifty day simple moving average of $25.04 and a two-hundred day simple moving average of $25.02.

SPDR SSGA My2029 Corporate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, December 23rd. Investors of record on Thursday, December 18th were given a dividend of $0.0937 per share. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Thursday, December 18th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Heartwood Wealth Advisors LLC boosted its stake in shares of SPDR SSGA My2029 Corporate Bond ETF by 2.0% during the 3rd quarter. Heartwood Wealth Advisors LLC now owns 338,657 shares of the company’s stock worth $8,495,000 after purchasing an additional 6,484 shares during the last quarter. PFG Private Wealth Management LLC acquired a new stake in SPDR SSGA My2029 Corporate Bond ETF during the third quarter worth approximately $202,000. Private Advisor Group LLC purchased a new stake in SPDR SSGA My2029 Corporate Bond ETF in the 3rd quarter worth approximately $306,000. Equitable Holdings Inc. boosted its holdings in shares of SPDR SSGA My2029 Corporate Bond ETF by 14.5% during the third quarter. Equitable Holdings Inc. now owns 102,045 shares of the company’s stock worth $2,560,000 after purchasing an additional 12,954 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of SPDR SSGA My2029 Corporate Bond ETF by 58.1% during the second quarter. Jane Street Group LLC now owns 37,542 shares of the company’s stock worth $937,000 after purchasing an additional 13,791 shares during the last quarter.

SPDR SSGA My2029 Corporate Bond ETF Company Profile

The SPDR SSgA My2029 Corporate Bond ETF (MYCI) 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 2029. Bonds are USD-denominated. MYCI was launched on Sep 23, 2024 and is issued by State Street.