Madison Dividend Value ETF
DIVL
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 550 Science Drive Madison WI United States of America 53711
- IPO Date
- Aug 15, 2023
- Website
- madisonfunds.com
- Similar Companies
- Business
- Madison Dividend Value ETF (DIVL) is an actively managed exchange-traded fund that seeks to produce current income and capital appreciation by investing primarily in dividend-paying equity securities of companies with market capitalizations exceeding $1 billion, focusing on those exhibiting relative yields in the top quartile of their historical ranges, strong balance sheets, and potential for dividend growth. The ETF allocates at least 80% of its net assets to such securities across diversified sectors including financials, industrials, health care, information technology, energy, and consumer discretionary; up to 50% of its equity holdings may include foreign securities such as American Depositary Receipts and emerging market stocks. It is benchmarked against the Russell 1000 Value Index and the Lipper Equity Income Funds Index, with portfolio managers emphasizing high-quality companies featuring durable competitive advantages to manage risk while targeting above-market yields; as of late 2025, the fund maintains approximately 38 holdings, a weighted average market capitalization of $177.44 billion, a dividend yield of 2.49%, and a 30-day SEC yield of 1.93%, with top holdings including Morgan Stanley, Automatic Data Processing Inc., Fastenal Co., BlackRock Inc., and CME Group Inc. Launched on August 14, 2023, by Madison Asset Management, LLC, as the firm's inaugural ETF under Madison ETFs Trust and co-managed with Tidal Investments LLC, DIVL trades on NYSE Arca with a net expense ratio of 0.65% and monthly distributions; the fund is headquartered in Madison, Wisconsin, and operates within the U.S. large-cap value equity segment targeting income-oriented investors seeking lower volatility relative to broader markets. Recent developments include sustained portfolio growth to $60.44 million in net assets as of June 30, 2025, reflecting ongoing inflows amid a competitive ETF landscape, alongside the expansion of Madison Investments' active ETF suite with launches such as the Madison Covered Call ETF (CVRD), Aggregate Bond ETF (MAGG), and Short Term Strategic Income ETF (MSTI) in the months following DIVL's debut in 2023. No major acquisitions, funding rounds, or strategic alliances specific to DIVL have been reported in the past two years, with the fund maintaining its core relative yield and quality-focused strategy under long-tenured co-managers John Brown, CFA (industry experience since 1983), and Drew Justman, CFA (since 2000).