Madison Asset Management LLC Sells 55,006 Shares of Madison Aggregate Bond ETF $MAGG

Madison Asset Management LLC decreased its position in Madison Aggregate Bond ETF (NYSEARCA:MAGG) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,606,897 shares of the company’s stock after selling 55,006 shares during the quarter. Madison Asset Management LLC owned 79.48% of Madison Aggregate Bond ETF worth $53,454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Royal Bank of Canada increased its position in Madison Aggregate Bond ETF by 22.5% in the first quarter. Royal Bank of Canada now owns 262,902 shares of the company’s stock worth $5,339,000 after purchasing an additional 48,369 shares during the last quarter. Tidal Investments LLC grew its stake in shares of Madison Aggregate Bond ETF by 512.7% in the 2nd quarter. Tidal Investments LLC now owns 99,685 shares of the company’s stock worth $2,030,000 after buying an additional 83,416 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Madison Aggregate Bond ETF in the 1st quarter worth $480,000.

Madison Aggregate Bond ETF Stock Performance

Shares of NYSEARCA MAGG opened at $20.22 on Wednesday. The firm’s 50-day moving average price is $20.40 and its 200-day moving average price is $20.52. Madison Aggregate Bond ETF has a 12-month low of $19.96 and a 12-month high of $20.96.

Madison Aggregate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were paid a $0.0446 dividend. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Wednesday, February 25th.

About Madison Aggregate Bond ETF

The Madison Aggregate Bond ETF (MAGG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that seeks to generate superior long-term risk adjusted performance through investments in US investment-grade bonds. The fund maintains an intermediate average portfolio duration but may include securities of any maturity. MAGG was launched on Aug 29, 2023 and is issued by Madison.