Madison Investment Advisors LLC Acquires Shares of 2,519,603 Madison Dividend Value ETF (NYSEARCA:DIVL)

Madison Investment Advisors LLC acquired a new stake in Madison Dividend Value ETF (NYSEARCA:DIVL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,519,603 shares of the company’s stock, valued at approximately $53,537,000. Madison Investment Advisors LLC owned 79.23% of Madison Dividend Value ETF as of its most recent filing with the Securities & Exchange Commission.

Madison Dividend Value ETF Stock Down 1.0 %

DIVL stock opened at $21.37 on Thursday. The stock’s 50 day moving average is $21.93 and its 200-day moving average is $21.92. The firm has a market capitalization of $58.77 million, a PE ratio of 20.01 and a beta of 0.69. Madison Dividend Value ETF has a twelve month low of $19.82 and a twelve month high of $22.82.

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.