SPDR SSGA My2031 Corporate Bond ETF (NASDAQ:MYCK) Shares Down 0.1% – Should You Sell?

SPDR SSGA My2031 Corporate Bond ETF (NASDAQ:MYCK)’s stock price dropped 0.1% on Thursday . The stock traded as low as $25.09 and last traded at $25.1090. Approximately 77 shares were traded during trading, a decline of 98% from the average daily volume of 3,555 shares. The stock had previously closed at $25.13.

SPDR SSGA My2031 Corporate Bond ETF Stock Performance

The business has a 50 day moving average of $25.11 and a 200-day moving average of $25.05.

SPDR SSGA My2031 Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, December 23rd. Investors of record on Thursday, December 18th were issued a dividend of $0.0978 per share. The ex-dividend date was Thursday, December 18th. This is a positive change from SPDR SSGA My2031 Corporate Bond ETF’s previous monthly dividend of $0.09. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%.

Hedge Funds Weigh In On SPDR SSGA My2031 Corporate Bond ETF

A number of large investors have recently added to or reduced their stakes in MYCK. Exchange Capital Management Inc. raised its stake in shares of SPDR SSGA My2031 Corporate Bond ETF by 86.6% in the 2nd quarter. Exchange Capital Management Inc. now owns 54,542 shares of the company’s stock valued at $1,359,000 after purchasing an additional 25,307 shares during the period. Global Financial Private Client LLC raised its position in SPDR SSGA My2031 Corporate Bond ETF by 49.9% in the 2nd quarter. Global Financial Private Client LLC now owns 26,562 shares of the company’s stock valued at $662,000 after buying an additional 8,848 shares during the last quarter. Jane Street Group LLC lifted its stake in SPDR SSGA My2031 Corporate Bond ETF by 238.9% in the 1st quarter. Jane Street Group LLC now owns 36,325 shares of the company’s stock valued at $892,000 after acquiring an additional 25,607 shares in the last quarter. L2 Asset Management LLC acquired a new position in SPDR SSGA My2031 Corporate Bond ETF during the 3rd quarter worth approximately $485,000. Finally, PFG Private Wealth Management LLC bought a new position in shares of SPDR SSGA My2031 Corporate Bond ETF during the 3rd quarter worth approximately $203,000.

About SPDR SSGA My2031 Corporate Bond ETF

The SPDR SSgA My2031 Corporate Bond ETF (MYCK) 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 2031. Bonds are USD-denominated. MYCK was launched on Sep 23, 2024 and is issued by State Street.