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 fourth quarter, according to its most recent Form 13F filing with the Securities and 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 approximately 79.03% of Madison Covered Call ETF as of its most recent filing with the Securities and Exchange Commission.

Madison Covered Call ETF Stock Down 0.1 %

NYSEARCA:CVRD opened at $17.96 on Thursday. Madison Covered Call ETF has a twelve month low of $17.96 and a twelve month high of $21.22. The business has a 50 day moving average price of $18.67 and a two-hundred day moving average price of $19.20. The company 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.