Royal Bank of Canada Acquires 83,604 Shares of Madison Aggregate Bond ETF $MAGG

Royal Bank of Canada lifted its stake in Madison Aggregate Bond ETF (NYSEARCA:MAGG) by 21.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 475,643 shares of the company’s stock after buying an additional 83,604 shares during the period. Royal Bank of Canada owned about 13.55% of Madison Aggregate Bond ETF worth $9,653,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Madison Asset Management LLC boosted its stake in shares of Madison Aggregate Bond ETF by 4.5% in the 1st quarter. Madison Asset Management LLC now owns 2,724,067 shares of the company’s stock valued at $55,285,000 after purchasing an additional 117,170 shares in the last quarter. Jane Street Group LLC bought a new position in Madison Aggregate Bond ETF during the 1st quarter valued at about $480,000. Finally, Tidal Investments LLC boosted its position in Madison Aggregate Bond ETF by 512.7% in the second 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 in the last quarter.

Madison Aggregate Bond ETF Stock Performance

NYSEARCA MAGG opened at $19.92 on Monday. The stock’s 50 day simple moving average is $20.12 and its 200 day simple 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.