SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) Shares Up 0% – Time to Buy?

SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG)’s share price rose 0% during mid-day trading on Friday . The company traded as high as $25.03 and last traded at $25.0250. Approximately 2,242 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 6,636 shares. The stock had previously closed at $25.02.

SPDR SSGA My2027 Corporate Bond ETF Stock Performance

The firm’s 50 day moving average is $25.06 and its 200 day moving average is $24.98.

SPDR SSGA My2027 Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, November 6th. Stockholders of record on Monday, November 3rd were issued a dividend of $0.0891 per share. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Monday, November 3rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Beacon Financial Group acquired a new position in SPDR SSGA My2027 Corporate Bond ETF during the 2nd quarter valued at about $200,000. Private Advisor Group LLC purchased a new stake in shares of SPDR SSGA My2027 Corporate Bond ETF during the third quarter worth about $215,000. Global Financial Private Client LLC grew its stake in shares of SPDR SSGA My2027 Corporate Bond ETF by 7.8% during the second quarter. Global Financial Private Client LLC now owns 8,903 shares of the company’s stock worth $223,000 after acquiring an additional 644 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new position in shares of SPDR SSGA My2027 Corporate Bond ETF during the third quarter valued at about $281,000. Finally, Jane Street Group LLC purchased a new position in shares of SPDR SSGA My2027 Corporate Bond ETF in the 1st quarter valued at approximately $426,000.

SPDR SSGA My2027 Corporate Bond ETF Company Profile

The SPDR SSgA My2027 Corporate Bond ETF (MYCG) 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 2027. Bonds are USD-denominated. MYCG was launched on Sep 23, 2024 and is issued by State Street.