Madison Dividend Value ETF $DIVL Shares Sold by Madison Asset Management LLC

Madison Asset Management LLC lowered its stake in shares of Madison Dividend Value ETF (NYSEARCA:DIVL) by 1.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,328,892 shares of the company’s stock after selling 39,336 shares during the quarter. Madison Asset Management LLC owned 0.88% of Madison Dividend Value ETF worth $53,358,000 at the end of the most recent quarter.

Separately, Focus Partners Wealth acquired a new stake in shares of Madison Dividend Value ETF in the 1st quarter worth $247,000.

Madison Dividend Value ETF Stock Up 0.6%

NYSEARCA DIVL opened at $24.82 on Wednesday. The business’s fifty day simple moving average is $24.58 and its 200-day simple moving average is $23.95. The firm has a market cap of $61.31 million, a PE ratio of 21.24 and a beta of 0.58. Madison Dividend Value ETF has a 52 week low of $21.41 and a 52 week high of $25.60.

Madison Dividend Value ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, February 25th were paid a dividend of $0.0202 per share. This represents a c) dividend on an annualized basis and a yield of 1.0%. This is a boost from Madison Dividend Value ETF’s previous monthly dividend of $0.02. The ex-dividend date of this dividend was Wednesday, February 25th.

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.