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

Shares of American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) shot up 0.1% during trading on Monday after the company announced a dividend. The company traded as high as $50.59 and last traded at $50.58. 227,775 shares were traded during trading, an increase of 678% from the average session 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. Stockholders of record on Tuesday, October 6th will be paid a dividend of $0.1812 per share. This represents a $2.17 annualized dividend and a dividend yield of 4.3%. This is a negative change from American Century Short Duration Strategic Income ETF’s previous monthly dividend of $0.1870. The ex-dividend date is Tuesday, October 6th.

American Century Short Duration Strategic Income ETF Trading Up 0.1%

The stock has a fifty day moving average of $50.96 and a 200-day moving average of $51.16.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Round Rock Advisors LLC lifted its holdings in shares of American Century Short Duration Strategic Income ETF by 12.7% during the second quarter. Round Rock Advisors LLC now owns 324,038 shares of the company’s stock worth $16,639,000 after purchasing an additional 36,516 shares during the period. IFP Advisors Inc increased its stake in American Century Short Duration Strategic Income ETF by 8.3% in the 2nd quarter. IFP Advisors Inc now owns 63,809 shares of the company’s stock valued at $3,277,000 after buying an additional 4,876 shares during the period. Core Wealth Advisors Inc. increased its stake in American Century Short Duration Strategic Income ETF by 143.2% in the 1st quarter. Core Wealth Advisors Inc. now owns 28,344 shares of the company’s stock valued at $1,454,000 after buying an additional 16,691 shares during the period. Rockefeller Capital Management L.P. raised its position in American Century Short Duration Strategic Income ETF by 22.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 19,283 shares of the company’s stock worth $995,000 after buying an additional 3,523 shares during the last quarter. Finally, Citadel Advisors LLC raised its position in American Century Short Duration Strategic Income ETF by 160.1% during the 2nd quarter. Citadel Advisors LLC now owns 16,739 shares of the company’s stock worth $860,000 after buying an additional 10,304 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.