SPDR SSGA My2029 Corporate Bond ETF (NASDAQ:MYCI) Shares Down 0.1% – What’s Next?

SPDR SSGA My2029 Corporate Bond ETF (NASDAQ:MYCI) fell 0.1% on Thursday . The stock traded as low as $25.01 and last traded at $25.0250. 5,863 shares changed hands during mid-day trading, an increase of 26% from the average session volume of 4,653 shares. The stock had previously closed at $25.04.

SPDR SSGA My2029 Corporate Bond ETF Price Performance

The firm has a 50 day simple moving average of $25.02 and a 200 day simple moving average of $25.00.

SPDR SSGA My2029 Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, December 23rd. Investors of record on Thursday, December 18th were issued 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 of this dividend was Thursday, December 18th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MYCI. Heartwood Wealth Advisors LLC boosted its holdings in shares of SPDR SSGA My2029 Corporate Bond ETF by 0.6% during the second quarter. Heartwood Wealth Advisors LLC now owns 332,173 shares of the company’s stock worth $8,289,000 after purchasing an additional 1,901 shares during the period. Global Financial Private Client LLC raised its position in SPDR SSGA My2029 Corporate Bond ETF by 42.0% during the 2nd quarter. Global Financial Private Client LLC now owns 31,494 shares of the company’s stock valued at $786,000 after purchasing an additional 9,311 shares during the last quarter. Masso Torrence Wealth Management Inc. lifted its holdings in SPDR SSGA My2029 Corporate Bond ETF by 13.6% in the 2nd quarter. Masso Torrence Wealth Management Inc. now owns 31,294 shares of the company’s stock worth $781,000 after buying an additional 3,747 shares during the period. Exchange Capital Management Inc. increased its stake in shares of SPDR SSGA My2029 Corporate Bond ETF by 42.0% during the second quarter. Exchange Capital Management Inc. now owns 213,531 shares of the company’s stock valued at $5,329,000 after buying an additional 63,199 shares during the period. Finally, Jane Street Group LLC raised 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 valued at $937,000 after acquiring an additional 13,791 shares in the last quarter.

About SPDR SSGA My2029 Corporate Bond ETF

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.