Madison Investment Advisors LLC Takes $56.08 Million Position in Madison Covered Call ETF (NYSEARCA:CVRD)

Madison Investment Advisors LLC bought a new position in shares of Madison Covered Call ETF (NYSEARCA:CVRD) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,987,290 shares of the company’s stock, valued at approximately $56,075,000. Madison Investment Advisors LLC owned about 0.79% of Madison Covered Call ETF at the end of the most recent reporting period.

Madison Covered Call ETF Stock Down 0.1 %

Shares of NYSEARCA:CVRD opened at $17.96 on Thursday. The business has a fifty day simple moving average of $18.67 and a 200 day simple moving average of $19.20. Madison Covered Call ETF has a 12-month low of $17.96 and a 12-month high of $21.22. The firm has a market cap of $48.67 million, a P/E ratio of 20.86 and a beta of 0.53.

About Madison Covered Call ETF

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.