Madison Investments, a renowned name in the financial world, recently expanded its ETF offerings with the introduction of the Madison Covered Call ETF (NYSE Arca: CVRD). This new addition comes just a week after the firm launched its debut exchange-traded fund. The Madison Covered Call ETF is unique in its approach, employing both an active stock strategy and an active covered call writing strategy.
Madison Investments Expands Active ETF Suite with Covered Call ETF
ETF Newz Says:
The primary focus of this ETF is on mid- and large-cap companies. The selection criteria for these companies are based on their perceived reasonable pricing in relation to their projected long-term growth rates. This strategic move by Madison Investments is seen as an attempt to provide investors with a diversified option that can potentially offer both income and growth.