SPDR SSGA My2033 Corporate Bond ETF (NASDAQ:MYCM) Stock Price Down 0.2% – Should You Sell?

SPDR SSGA My2033 Corporate Bond ETF (NASDAQ:MYCM)’s stock price traded down 0.2% during trading on Tuesday . The stock traded as low as $24.67 and last traded at $24.70. Approximately 108 shares changed hands during trading, a decline of 94% from the average session volume of 1,789 shares. The stock had previously closed at $24.76.

SPDR SSGA My2033 Corporate Bond ETF Price Performance

The company has a 50-day moving average price of $24.64 and a 200-day moving average price of $24.83.

SPDR SSGA My2033 Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st will be given a $0.0982 dividend. This is an increase from SPDR SSGA My2033 Corporate Bond ETF’s previous monthly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 4.8%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MYCM. Jane Street Group LLC boosted its position in SPDR SSGA My2033 Corporate Bond ETF by 191.3% during the 1st quarter. Jane Street Group LLC now owns 45,657 shares of the company’s stock worth $1,113,000 after purchasing an additional 29,986 shares during the period. Lido Advisors LLC purchased a new stake in SPDR SSGA My2033 Corporate Bond ETF during the 4th quarter worth $2,579,000. Global Financial Private Client LLC boosted its holdings in SPDR SSGA My2033 Corporate Bond ETF by 25.7% in the first quarter. Global Financial Private Client LLC now owns 21,075 shares of the company’s stock valued at $521,000 after purchasing an additional 4,311 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of SPDR SSGA My2033 Corporate Bond ETF by 41.6% during the 1st quarter. Private Advisor Group LLC now owns 27,089 shares of the company’s stock valued at $670,000 after buying an additional 7,965 shares during the last quarter. Finally, Global Assets Advisory LLC bought a new stake in shares of SPDR SSGA My2033 Corporate Bond ETF in the 1st quarter valued at approximately $476,000.

About SPDR SSGA My2033 Corporate Bond ETF

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.