SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) Trading 0.1% Higher – Should You Buy?

Shares of SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) rose 0.1% during mid-day trading on Friday . The stock traded as high as $24.75 and last traded at $24.8240. Approximately 3 shares changed hands during trading, a decline of 100% from the average daily volume of 2,536 shares. The stock had previously closed at $24.80.

SPDR SSGA My2034 Corporate Bond ETF Price Performance

The stock’s 50-day simple moving average is $24.96 and its 200 day simple moving average is $24.53.

SPDR SSGA My2034 Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, November 6th. Investors of record on Monday, November 3rd were given a dividend of $0.1015 per share. This is a boost from SPDR SSGA My2034 Corporate Bond ETF’s previous monthly dividend of $0.10. The ex-dividend date was Monday, November 3rd. This represents a c) dividend on an annualized basis and a yield of 4.9%.

Hedge Funds Weigh In On SPDR SSGA My2034 Corporate Bond ETF

An institutional investor recently raised its position in SPDR SSGA My2034 Corporate Bond ETF stock. Exchange Capital Management Inc. lifted its holdings in shares of SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) by 47.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 138,616 shares of the company’s stock after purchasing an additional 44,334 shares during the period. Exchange Capital Management Inc. owned 46.21% of SPDR SSGA My2034 Corporate Bond ETF worth $3,406,000 at the end of the most recent reporting period.

SPDR SSGA My2034 Corporate Bond ETF Company Profile

The SPDR SSgA My2034 Corporate Bond ETF (MYCN) 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 2034. Bonds are USD-denominated. MYCN was launched on Sep 23, 2024 and is issued by State Street.