SPDR SSGA My2032 Corporate Bond ETF (NASDAQ:MYCL) Trading 0.4% Higher – Still a Buy?

SPDR SSGA My2032 Corporate Bond ETF (NASDAQ:MYCL) shares traded up 0.4% during mid-day trading on Tuesday . The stock traded as high as $24.87 and last traded at $24.87. 3,213 shares changed hands during mid-day trading, an increase of 6% from the average session volume of 3,043 shares. The stock had previously closed at $24.77.

SPDR SSGA My2032 Corporate Bond ETF Stock Performance

The stock’s 50-day simple moving average is $25.06 and its 200 day simple moving average is $25.06.

SPDR SSGA My2032 Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.0949 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. This is a positive change from SPDR SSGA My2032 Corporate Bond ETF’s previous monthly dividend of $0.09. The ex-dividend date was Monday, March 2nd.

Institutional Investors Weigh In On SPDR SSGA My2032 Corporate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the company. PFG Private Wealth Management LLC purchased a new stake in SPDR SSGA My2032 Corporate Bond ETF in the 3rd quarter valued at approximately $203,000. Moneco Advisors LLC purchased a new position in shares of SPDR SSGA My2032 Corporate Bond ETF during the 4th quarter worth approximately $1,514,000. Finally, Lido Advisors LLC acquired a new stake in shares of SPDR SSGA My2032 Corporate Bond ETF in the 4th quarter valued at approximately $2,502,000.

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.