Madison Asset Management LLC Decreases Stock Holdings in Madison Dividend Value ETF $DIVL

Madison Asset Management LLC reduced its holdings in shares of Madison Dividend Value ETF (NYSEARCA:DIVL) by 7.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,147,459 shares of the company’s stock after selling 181,433 shares during the quarter. Madison Asset Management LLC owned approximately 86.94% of Madison Dividend Value ETF worth $52,447,000 as of its most recent SEC filing.

Separately, Citadel Advisors LLC increased its position in shares of Madison Dividend Value ETF by 55.7% during the 3rd quarter. Citadel Advisors LLC now owns 23,747 shares of the company’s stock valued at $553,000 after purchasing an additional 8,492 shares during the last quarter.

Madison Dividend Value ETF Price Performance

NYSEARCA DIVL opened at $24.82 on Tuesday. The business’s fifty day moving average is $24.68 and its 200-day moving average is $24.58. The stock has a market capitalization of $62.79 million, a price-to-earnings ratio of 21.24 and a beta of 0.54. Madison Dividend Value ETF has a one year low of $22.12 and a one year high of $25.60.

Madison Dividend Value ETF Company Profile

The Madison Dividend Value ETF (DIVL) is an exchange-traded fund that mostly invests in total market equity. The fund uses an active approach to invest in stocks from around the globe. The fund seeks current income and capital appreciation by targeting stocks with favorable dividend yields that appear undervalued. DIVL was launched on Aug 14, 2023 and is issued by Madison.