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

Madison Asset Management LLC cut its holdings in Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) by 11.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,510,249 shares of the company’s stock after selling 310,745 shares during the period. Madison Asset Management LLC owned 99.22% of Madison Short Term Strategic Income ETF worth $51,130,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Royal Bank of Canada increased its stake in shares of Madison Short Term Strategic Income ETF by 74.5% in the 1st 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 in the last quarter. Jane Street Group LLC lifted its position 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 valued at $480,000 after purchasing an additional 11,156 shares in the last quarter. Finally, Tidal Investments LLC lifted its position in Madison Short Term Strategic Income ETF by 342.3% during the second quarter. Tidal Investments LLC now owns 127,333 shares of the company’s stock valued at $2,626,000 after purchasing an additional 98,541 shares in the last quarter.

Madison Short Term Strategic Income ETF Price Performance

NYSEARCA:MSTI opened at $20.23 on Tuesday. The stock has a 50-day simple moving average of $20.27 and a two-hundred day simple moving average of $20.41. Madison Short Term Strategic Income ETF has a 52-week low of $20.15 and a 52-week high of $20.83.

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.