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

Madison Asset Management LLC lowered its holdings in shares of Madison Dividend Value ETF (NYSEARCA:DIVL) by 7.8% during the 1st quarter, Holdings Channel.com reports. 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 0.87% of Madison Dividend Value ETF worth $52,447,000 at the end of the most recent quarter.

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

Madison Dividend Value ETF Trading Down 0.6%

DIVL stock opened at $24.82 on Tuesday. Madison Dividend Value ETF has a 12-month low of $22.12 and a 12-month high of $25.60. The stock has a market capitalization of $62.79 million, a price-to-earnings ratio of 21.24 and a beta of 0.54. The firm’s 50-day moving average price is $24.68 and its two-hundred day moving average price is $24.58.

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.