Madison Asset Management LLC Reduces Stake in Madison Short Term Strategic Income ETF $MSTI

Madison Asset Management LLC lessened its holdings in shares of Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) by 7.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,820,994 shares of the company’s stock after selling 217,303 shares during the period. Madison Asset Management LLC owned 0.92% of Madison Short Term Strategic Income ETF worth $57,844,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Tidal Investments LLC raised its holdings in Madison Short Term Strategic Income ETF by 9.4% during the third quarter. Tidal Investments LLC now owns 139,248 shares of the company’s stock worth $2,875,000 after purchasing an additional 11,915 shares in the last quarter. Centric Wealth Management grew its position in shares of Madison Short Term Strategic Income ETF by 5.3% in the 3rd quarter. Centric Wealth Management now owns 50,728 shares of the company’s stock valued at $1,046,000 after buying an additional 2,570 shares during the last quarter. Jane Street Group LLC raised its stake in Madison Short Term Strategic Income ETF by 91.0% during the 1st 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 in the last quarter. Finally, Royal Bank of Canada lifted 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 valued at $288,000 after acquiring an additional 5,992 shares during the last quarter.

Madison Short Term Strategic Income ETF Stock Performance

NYSEARCA MSTI opened at $20.35 on Wednesday. The company has a fifty day moving average of $20.44 and a two-hundred day moving average of $20.54. Madison Short Term Strategic Income ETF has a 1 year low of $20.25 and a 1 year high of $20.83.

Madison Short Term Strategic Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 25th were given a $0.0239 dividend. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%.

Madison Short Term Strategic Income ETF 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.