Madison Aggregate Bond ETF (MAGG) To Go Ex-Dividend on January 28th

Madison Aggregate Bond ETF (NYSEARCA:MAGG) announced a monthly dividend on Tuesday, January 27th. Stockholders of record on Wednesday, January 28th will be paid a dividend of 0.0673 per share on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, January 28th.

Madison Aggregate Bond ETF Trading Down 0.4%

Shares of NYSEARCA:MAGG opened at $20.48 on Thursday. Madison Aggregate Bond ETF has a 52-week low of $19.96 and a 52-week high of $20.96. The business’s 50 day simple moving average is $20.57 and its two-hundred day simple moving average is $20.53.

Institutional Trading of Madison Aggregate Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MAGG. Royal Bank of Canada boosted its position in shares of 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 buying 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 acquiring an additional 83,416 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Madison Aggregate Bond ETF in the first quarter valued at about $480,000.

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.