L2 Asset Management LLC Makes New $1.50 Million Investment in SPDR SSGA My2027 Corporate Bond ETF $MYCG

L2 Asset Management LLC bought a new stake in SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) in the third quarter, HoldingsChannel reports. The institutional investor bought 59,793 shares of the company’s stock, valued at approximately $1,501,000. L2 Asset Management LLC owned about 0.06% of SPDR SSGA My2027 Corporate Bond ETF at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. purchased a new position in shares of SPDR SSGA My2027 Corporate Bond ETF in the 2nd quarter valued at about $916,000. Jane Street Group LLC lifted its stake in shares of SPDR SSGA My2027 Corporate Bond ETF by 102.4% in the second quarter. Jane Street Group LLC now owns 34,575 shares of the company’s stock valued at $865,000 after purchasing an additional 17,489 shares during the period. Private Advisor Group LLC purchased a new stake in SPDR SSGA My2027 Corporate Bond ETF during the third quarter worth about $215,000. Fourth Dimension Wealth LLC purchased a new stake in SPDR SSGA My2027 Corporate Bond ETF during the third quarter worth about $281,000. Finally, Beacon Financial Group grew its position in SPDR SSGA My2027 Corporate Bond ETF by 10.0% during the third quarter. Beacon Financial Group now owns 8,798 shares of the company’s stock worth $221,000 after buying an additional 798 shares during the period.

SPDR SSGA My2027 Corporate Bond ETF Stock Up 0.0%

Shares of SPDR SSGA My2027 Corporate Bond ETF stock opened at $24.96 on Tuesday. SPDR SSGA My2027 Corporate Bond ETF has a 12-month low of $24.65 and a 12-month high of $27.31. The company has a 50-day moving average of $25.06 and a two-hundred day moving average of $25.05.

SPDR SSGA My2027 Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a $0.0882 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

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.