SPDR SSGA My2032 Corporate Bond ETF (NASDAQ:MYCL) Stock Price Down 0.2% – Should You Sell?

SPDR SSGA My2032 Corporate Bond ETF (NASDAQ:MYCL) dropped 0.2% during mid-day trading on Thursday . The company traded as low as $25.00 and last traded at $24.9910. Approximately 3 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 4,401 shares. The stock had previously closed at $25.05.

SPDR SSGA My2032 Corporate Bond ETF Trading Up 0.1%

The firm has a fifty day moving average price of $25.02 and a 200 day moving average price of $24.93.

SPDR SSGA My2032 Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Thursday, December 18th were issued a $0.1009 dividend. The ex-dividend date was Thursday, December 18th. This is a positive change from SPDR SSGA My2032 Corporate Bond ETF’s previous monthly dividend of $0.10. This represents a c) annualized dividend and a dividend yield of 4.8%.

Hedge Funds Weigh In On SPDR SSGA My2032 Corporate Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MYCL. PFG Private Wealth Management LLC bought a new stake in SPDR SSGA My2032 Corporate Bond ETF in the third quarter worth approximately $203,000. Global Financial Private Client LLC raised its stake in shares of SPDR SSGA My2032 Corporate Bond ETF by 38.5% in the 2nd quarter. Global Financial Private Client LLC now owns 18,190 shares of the company’s stock valued at $449,000 after acquiring an additional 5,060 shares in the last quarter. Finally, Exchange Capital Management Inc. raised its stake in shares of SPDR SSGA My2032 Corporate Bond ETF by 63.1% in the 2nd quarter. Exchange Capital Management Inc. now owns 59,411 shares of the company’s stock valued at $1,466,000 after acquiring an additional 22,991 shares in the last quarter.

About SPDR SSGA My2032 Corporate Bond ETF

The SPDR SSgA My2032 Corporate Bond ETF (MYCL) 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 2032. Bonds are USD-denominated. MYCL was launched on Sep 23, 2024 and is issued by State Street.