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

Madison Asset Management LLC reduced its stake in shares of Madison Aggregate Bond ETF (NYSEARCA:MAGG) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,606,897 shares of the company’s stock after selling 55,006 shares during the quarter. Madison Asset Management LLC owned approximately 0.79% of Madison Aggregate Bond ETF worth $53,454,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Jane Street Group LLC purchased a new position in Madison Aggregate Bond ETF in the 1st quarter worth about $480,000. Tidal Investments LLC boosted its position in Madison Aggregate Bond ETF by 512.7% in the 2nd quarter. Tidal Investments LLC now owns 99,685 shares of the company’s stock valued at $2,030,000 after buying an additional 83,416 shares during the period. Finally, Royal Bank of Canada boosted its position in Madison Aggregate Bond ETF by 22.5% in the 1st 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 period.

Madison Aggregate Bond ETF Stock Performance

Shares of MAGG stock opened at $20.22 on Wednesday. The company’s 50-day simple moving average is $20.40 and its two-hundred day simple moving average is $20.52. Madison Aggregate Bond ETF has a one year low of $19.96 and a one year high of $20.96.

Madison Aggregate Bond ETF Cuts Dividend

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

Madison Aggregate Bond ETF 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.