Royal Bank of Canada grew its stake in Madison Aggregate Bond ETF (NYSEARCA:MAGG – Free Report) by 21.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 475,643 shares of the company’s stock after buying an additional 83,604 shares during the quarter. Royal Bank of Canada owned 0.14% of Madison Aggregate Bond ETF worth $9,653,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in MAGG. Jane Street Group LLC bought a new stake in Madison Aggregate Bond ETF in the 1st quarter valued at $480,000. Tidal Investments LLC increased its holdings in Madison Aggregate Bond ETF by 512.7% during the 2nd quarter. Tidal Investments LLC now owns 99,685 shares of the company’s stock worth $2,030,000 after purchasing an additional 83,416 shares in the last quarter. Finally, Madison Asset Management LLC increased its holdings in Madison Aggregate Bond ETF by 4.5% during the 1st quarter. Madison Asset Management LLC now owns 2,724,067 shares of the company’s stock worth $55,285,000 after purchasing an additional 117,170 shares in the last quarter.
Madison Aggregate Bond ETF Stock Performance
Shares of Madison Aggregate Bond ETF stock opened at $19.92 on Monday. The stock’s 50-day moving average is $20.12 and its 200-day moving average is $20.32. Madison Aggregate Bond ETF has a one year low of $19.83 and a one year high of $20.96.
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.
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