American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) Share Price Crosses Above 50-Day Moving Average – What’s Next?

American Century Short Duration Strategic Income ETF (NASDAQ:SDSI)’s share price passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $50.70 and traded as high as $50.84. American Century Short Duration Strategic Income ETF shares last traded at $50.82, with a volume of 56,852 shares.

American Century Short Duration Strategic Income ETF Price Performance

The stock’s fifty day moving average is $50.70 and its 200 day moving average is $51.21.

American Century Short Duration Strategic Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, October 8th. Shareholders of record on Tuesday, October 6th were paid a dividend of $0.1812 per share. The ex-dividend date of this dividend was Tuesday, October 6th. This is a decrease from American Century Short Duration Strategic Income ETF’s previous monthly dividend of $0.1870. This represents a $2.17 annualized dividend and a yield of 4.3%.

Institutional Investors Weigh In On American Century Short Duration Strategic Income ETF

Institutional investors have recently modified their holdings of the stock. Round Rock Advisors LLC lifted its position in American Century Short Duration Strategic Income ETF by 12.7% in the second quarter. Round Rock Advisors LLC now owns 324,038 shares of the company’s stock worth $16,639,000 after buying an additional 36,516 shares during the last quarter. Simplicity Wealth LLC purchased a new position in American Century Short Duration Strategic Income ETF during the third quarter worth $9,844,000. Kestra Private Wealth Services LLC boosted its stake in American Century Short Duration Strategic Income ETF by 117.9% during the third quarter. Kestra Private Wealth Services LLC now owns 103,021 shares of the company’s stock worth $5,207,000 after buying an additional 55,743 shares during the period. IFP Advisors Inc increased its position in American Century Short Duration Strategic Income ETF by 30.1% during the third quarter. IFP Advisors Inc now owns 83,015 shares of the company’s stock valued at $4,196,000 after acquiring an additional 19,206 shares during the last quarter. Finally, Clearview Wealth Management LLC increased its position in American Century Short Duration Strategic Income ETF by 6.6% during the third quarter. Clearview Wealth Management LLC now owns 55,586 shares of the company’s stock valued at $2,809,000 after acquiring an additional 3,431 shares during the last quarter.

American Century Short Duration Strategic Income ETF Company Profile

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.