SPDR SSGA My2031 Corporate Bond ETF (NASDAQ:MYCK) Stock Price Down 0.2% – Here’s Why

SPDR SSGA My2031 Corporate Bond ETF (NASDAQ:MYCK)’s stock price fell 0.2% on Friday . The company traded as low as $25.04 and last traded at $25.05. 499 shares traded hands during trading, a decline of 78% from the average session volume of 2,297 shares. The stock had previously closed at $25.10.

SPDR SSGA My2031 Corporate Bond ETF Trading Down 0.2%

The firm’s fifty day simple moving average is $25.18 and its 200-day simple moving average is $24.87.

SPDR SSGA My2031 Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, November 6th. Stockholders of record on Monday, November 3rd were given a $0.0951 dividend. This is a boost from SPDR SSGA My2031 Corporate Bond ETF’s previous monthly dividend of $0.10. The ex-dividend date of this dividend was Monday, November 3rd. This represents a c) annualized dividend and a dividend yield of 4.6%.

Institutional Investors Weigh In On SPDR SSGA My2031 Corporate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in MYCK. PFG Private Wealth Management LLC acquired a new position in SPDR SSGA My2031 Corporate Bond ETF in the third quarter valued at approximately $203,000. Global Financial Private Client LLC increased its stake in shares of SPDR SSGA My2031 Corporate Bond ETF by 49.9% in the 2nd quarter. Global Financial Private Client LLC now owns 26,562 shares of the company’s stock valued at $662,000 after acquiring an additional 8,848 shares in the last quarter. Jane Street Group LLC increased its stake in shares of SPDR SSGA My2031 Corporate Bond ETF by 238.9% in the 1st quarter. Jane Street Group LLC now owns 36,325 shares of the company’s stock valued at $892,000 after acquiring an additional 25,607 shares in the last quarter. Finally, Exchange Capital Management Inc. lifted its position in shares of SPDR SSGA My2031 Corporate Bond ETF by 86.6% during the 2nd quarter. Exchange Capital Management Inc. now owns 54,542 shares of the company’s stock valued at $1,359,000 after acquiring an additional 25,307 shares during the period.

About SPDR SSGA My2031 Corporate Bond ETF

The SPDR SSgA My2031 Corporate Bond ETF (MYCK) 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 2031. Bonds are USD-denominated. MYCK was launched on Sep 23, 2024 and is issued by State Street.