Madison Asset Management LLC Sells 149,317 Shares of Madison Aggregate Bond ETF $MAGG

Madison Asset Management LLC cut its position in shares of Madison Aggregate Bond ETF (NYSEARCA:MAGG) by 5.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,661,903 shares of the company’s stock after selling 149,317 shares during the period. Madison Asset Management LLC owned approximately 82.41% of Madison Aggregate Bond ETF worth $54,662,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MAGG. Tidal Investments LLC boosted its position in shares of Madison Aggregate Bond ETF by 512.7% during the 2nd quarter. Tidal Investments LLC now owns 99,685 shares of the company’s stock valued at $2,030,000 after acquiring an additional 83,416 shares during the last quarter. Royal Bank of Canada raised its stake in Madison Aggregate Bond ETF by 22.5% during the first quarter. Royal Bank of Canada now owns 262,902 shares of the company’s stock valued at $5,339,000 after purchasing an additional 48,369 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in Madison Aggregate Bond ETF during the first quarter valued at $480,000.

Madison Aggregate Bond ETF Stock Performance

Shares of NYSEARCA MAGG opened at $20.58 on Wednesday. Madison Aggregate Bond ETF has a 12-month low of $19.96 and a 12-month high of $20.96. The firm’s 50-day moving average price is $20.55 and its 200-day moving average price is $20.55.

Madison Aggregate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 28th were paid a $0.0673 dividend. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Wednesday, January 28th.

Madison Aggregate Bond ETF Company Profile

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.