Madison Asset Management LLC Cuts Stock Position in Madison Short Term Strategic Income ETF $MSTI

Madison Asset Management LLC decreased its position in shares of Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) by 7.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 about 92.49% of Madison Short Term Strategic Income ETF worth $57,844,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Tidal Investments LLC lifted its position in shares of 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 holdings in shares of Madison Short Term Strategic Income ETF by 5.3% in the third quarter. Centric Wealth Management now owns 50,728 shares of the company’s stock valued at $1,046,000 after purchasing an additional 2,570 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Madison Short Term Strategic Income ETF by 91.0% in the first quarter. Jane Street Group LLC now owns 23,413 shares of the company’s stock valued at $480,000 after purchasing an additional 11,156 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in Madison Short Term Strategic Income ETF by 74.5% during the 1st quarter. Royal Bank of Canada now owns 14,031 shares of the company’s stock worth $288,000 after buying an additional 5,992 shares during the period.

Madison Short Term Strategic Income ETF Trading Down 0.0%

Madison Short Term Strategic Income ETF stock opened at $20.35 on Wednesday. Madison Short Term Strategic Income ETF has a 52-week low of $20.25 and a 52-week high of $20.83. The company’s 50 day moving average is $20.44 and its two-hundred day moving average is $20.54.

Madison Short Term Strategic Income 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 given a dividend of $0.0239 per share. 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.