American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) Shares Up 0.1% Following Dividend Announcement

American Century Short Duration Strategic Income ETF (NASDAQ:SDSI – Get Free Report) rose 0.1% on Monday after the company announced a dividend. The company traded as high as $50.59 and last traded at $50.58. Approximately 227,775 shares were traded during mid-day trading, an increase of 678% from the average daily volume of 29,288 shares. The stock had previously closed at $50.55.

The newly announced dividend which will be paid on Thursday, October 8th. Shareholders of record on Tuesday, October 6th will be given a dividend of $0.1812 per share. The ex-dividend date of this dividend is Tuesday, October 6th. This represents a $2.17 dividend on an annualized basis and a yield of 4.3%. This is a drop from American Century Short Duration Strategic Income ETF’s previous monthly dividend of $0.1870.

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American Century Short Duration Strategic Income ETF Stock Up 0.1%

The stock’s 50 day moving average price is $50.96 and its two-hundred day moving average price is $51.16.

Hedge Funds Weigh In On American Century Short Duration Strategic Income ETF

A number of hedge funds have recently bought and sold shares of SDSI. Nations Financial Group Inc. IA ADV acquired a new position in American Century Short Duration Strategic Income ETF during the first quarter worth $227,000. Beacon Financial Advisory LLC acquired a new stake in shares of American Century Short Duration Strategic Income ETF in the first quarter valued at about $231,000. Peak Planning Group LLC purchased a new stake in shares of American Century Short Duration Strategic Income ETF during the fourth quarter worth about $536,000. NewEdge Advisors LLC acquired a new position in shares of American Century Short Duration Strategic Income ETF during the 1st quarter worth about $558,000. Finally, Kestra Private Wealth Services LLC lifted its stake in American Century Short Duration Strategic Income ETF by 26.9% in the 1st quarter. Kestra Private Wealth Services LLC now owns 14,373 shares of the company’s stock valued at $737,000 after buying an additional 3,043 shares in the last quarter.

About American Century Short Duration Strategic Income ETF

(Get Free Report)

The American Century Short Duration Strategic Income ETF (SDSI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively manages a broad portfolio of short-duration fixed income securities. The fund seeks to mitigate the impact of rising interest rates. SDSI was launched on Oct 11, 2022 and is managed by American Century Investments.

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