Madison Asset Management LLC Sells 45,127 Shares of Madison Short Term Strategic Income ETF $MSTI

Madison Asset Management LLC cut its position in shares of Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) by 1.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,038,297 shares of the company’s stock after selling 45,127 shares during the quarter. Madison Asset Management LLC owned approximately 0.92% of Madison Short Term Strategic Income ETF worth $62,726,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tidal Investments LLC lifted its position in shares of Madison Short Term Strategic Income ETF by 342.3% during the 2nd quarter. Tidal Investments LLC now owns 127,333 shares of the company’s stock worth $2,626,000 after buying an additional 98,541 shares in the last quarter. Centric Wealth Management increased its position in shares of Madison Short Term Strategic Income ETF by 5.3% during the third quarter. Centric Wealth Management now owns 50,728 shares of the company’s stock valued at $1,046,000 after acquiring an additional 2,570 shares during the last quarter. Jane Street Group LLC lifted its holdings in Madison Short Term Strategic Income ETF by 91.0% during the first quarter. Jane Street Group LLC now owns 23,413 shares of the company’s stock worth $480,000 after acquiring an additional 11,156 shares during the period. Finally, Royal Bank of Canada boosted its position in Madison Short Term Strategic Income ETF by 74.5% in the first quarter. Royal Bank of Canada now owns 14,031 shares of the company’s stock worth $288,000 after purchasing an additional 5,992 shares during the last quarter.

Madison Short Term Strategic Income ETF Stock Down 0.1%

Shares of Madison Short Term Strategic Income ETF stock opened at $20.54 on Wednesday. Madison Short Term Strategic Income ETF has a 1 year low of $20.28 and a 1 year high of $20.83. The stock has a fifty day moving average price of $20.56 and a 200-day moving average price of $20.64.

Madison Short Term Strategic Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 28th were issued a dividend of $0.0719 per share. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Wednesday, January 28th.

Madison Short Term Strategic Income ETF Company Profile

The Madison Short Term Strategic Income ETF (MSTI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking to generate a high level of income by investing in a diversified portfolio of US debt securities. The fund aims to maintain an average portfolio duration of 3.5 years or less MSTI was launched on Sep 5, 2023 and is issued by Madison.