Madison Asset Management LLC Lowers Position in Madison Covered Call ETF $CVRD

Madison Asset Management LLC trimmed its position in shares of Madison Covered Call ETF (NYSEARCA:CVRD) by 14.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,885,000 shares of the company’s stock after selling 320,000 shares during the quarter. Madison Asset Management LLC owned approximately 96.17% of Madison Covered Call ETF worth $34,743,000 as of its most recent SEC filing.

Madison Covered Call ETF Stock Performance

Shares of Madison Covered Call ETF stock opened at $18.50 on Wednesday. The firm has a 50-day simple moving average of $18.35 and a two-hundred day simple moving average of $18.56. Madison Covered Call ETF has a fifty-two week low of $17.56 and a fifty-two week high of $22.40. The company has a market cap of $34.23 million, a P/E ratio of 18.76 and a beta of 0.57.

Madison Covered Call ETF Profile

The Madison Covered Call ETF (CVRD) is an exchange-traded fund that mostly invests in total market equity. The fund focuses on income generation by investing in US large- and mid-cap stocks that pay dividends, combined with an option writing strategy. The fund is actively managed CVRD was launched on Aug 22, 2023 and is issued by Madison.