Madison Dividend Value ETF
DIVL
4 hedge funds and large institutions have $53.1M invested in Madison Dividend Value ETF in 2026 Q1 according to their latest regulatory filings, with 0 funds opening new positions, 1 increasing their positions, 3 reducing their positions, and 1 closing their positions.
3% less capital invested
Capital invested by funds: $54.5M → $53.1M (-$1.4M)
1.08% less ownership
Funds ownership: 88.97% → 87.89% (-1.1%)
20% less funds holding
Funds holding: 5 → 4 (-1)
67% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 3
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 1
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GS
GTS Securities
New York
|
+$99.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAM
Madison Asset Management
Madison,
Wisconsin
|
-$4.45M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$562K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$66.2K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$25 |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MAM
1
Madison Asset Management
Madison,
Wisconsin
| $52.4M | -$4.45M | -181,433 | -8% |
|
|
GS
2
GTS Securities
New York
| $399K | +$99.8K | +4,070 | +33% |
|
|
3
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $275K | -$66.2K | -2,701 | -19% |
|
|
4
UBS Group
Zurich,
Switzerland
| $6.06K | -$25 | -1 | -0.4% |
|
|
5
Citadel Advisors
Miami,
Florida
| – | -$562K | -24,542 | Closed |
|
DIVL Hedge Fund Activity: Q1 2026 in Review
4 of the 8,150 institutional investors tracked by Wall St. Rank reported a position in Madison Dividend Value ETF (DIVL) for Q1 2026, worth a combined $53.1M — down 2.6% from $54.5M a quarter earlier.
Sellers outnumbered buyers: 1 fund closed out of DIVL and 0 opened new positions — a net loss of 1 holder — while 3 trimmed existing stakes and 1 added.
The largest buyer was GTS Securities, adding an estimated $99.8K. The largest seller was Madison Asset Management, cutting an estimated $4.45M.
- 4 institutional investors held Madison Dividend Value ETF (DIVL) as of Q1 2026, down from 5 in Q4 2025.
- Funds reported $53.1M of Madison Dividend Value ETF stock for Q1 2026, down 2.6% quarter-over-quarter.
- 0 funds opened new Madison Dividend Value ETF positions in Q1 2026 and 1 closed out, a net change of -1 holder.
- The largest Madison Dividend Value ETF buyer in Q1 2026 was GTS Securities, an estimated $99.8K added.
- The largest Madison Dividend Value ETF seller in Q1 2026 was Madison Asset Management, an estimated $4.45M sold.
Based on aggregated 13F filings for Q1 2026.