Madison Asset Management LLC Trims Stake in Madison Dividend Value ETF $DIVL

Madison Asset Management LLC lowered its holdings in Madison Dividend Value ETF (NYSEARCA:DIVL) by 5.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,368,228 shares of the company’s stock after selling 135,514 shares during the period. Madison Asset Management LLC owned approximately 89.37% of Madison Dividend Value ETF worth $55,109,000 at the end of the most recent reporting period.

Separately, Focus Partners Wealth bought a new position in shares of Madison Dividend Value ETF in the first quarter worth approximately $247,000.

Madison Dividend Value ETF Price Performance

Shares of DIVL opened at $25.30 on Wednesday. Madison Dividend Value ETF has a 1-year low of $19.43 and a 1-year high of $25.30. The company has a market capitalization of $67.05 million, a P/E ratio of 21.24 and a beta of 0.70. The firm’s 50 day simple moving average is $23.70 and its 200 day simple moving average is $23.12.

Madison Dividend Value ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 28th were given a dividend of $0.0154 per share. The ex-dividend date was Wednesday, January 28th. This represents a c) annualized dividend and a dividend yield of 0.7%.

Madison Dividend Value ETF 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.