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

Madison Asset Management LLC reduced its holdings in shares of Madison Dividend Value ETF (NYSEARCA:DIVL) by 5.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,368,228 shares of the company’s stock after selling 135,514 shares during the quarter. Madison Asset Management LLC owned 0.89% of Madison Dividend Value ETF worth $55,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Focus Partners Wealth bought a new position in Madison Dividend Value ETF during the 1st quarter valued at about $247,000.

Madison Dividend Value ETF Stock Up 0.2%

DIVL opened at $25.30 on Wednesday. The stock has a market capitalization of $67.05 million, a price-to-earnings ratio of 21.24 and a beta of 0.70. The firm has a 50 day moving average price of $23.70 and a 200-day moving average price of $23.12. Madison Dividend Value ETF has a twelve month low of $19.43 and a twelve month high of $25.30.

Madison Dividend Value ETF Cuts Dividend

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

About Madison Dividend Value ETF

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.