Western Wealth Management LLC Purchases 35,631 Shares of Capital Group Dividend Value ETF $CGDV

Western Wealth Management LLC boosted its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 3.6% during the 4th quarter, Holdings Channel reports. The fund owned 1,036,355 shares of the company’s stock after acquiring an additional 35,631 shares during the quarter. Capital Group Dividend Value ETF makes up 2.1% of Western Wealth Management LLC’s portfolio, making the stock its 7th biggest holding. Western Wealth Management LLC’s holdings in Capital Group Dividend Value ETF were worth $45,227,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Pflug Koory LLC acquired a new stake in Capital Group Dividend Value ETF in the fourth quarter valued at approximately $25,000. Bay Harbor Wealth Management LLC acquired a new stake in Capital Group Dividend Value ETF during the fourth quarter worth approximately $32,000. Triumph Capital Management acquired a new stake in Capital Group Dividend Value ETF during the third quarter worth approximately $32,000. CoreCap Advisors LLC raised its holdings in Capital Group Dividend Value ETF by 93.8% during the fourth quarter. CoreCap Advisors LLC now owns 849 shares of the company’s stock worth $37,000 after purchasing an additional 411 shares in the last quarter. Finally, Huntington National Bank acquired a new stake in Capital Group Dividend Value ETF during the third quarter worth approximately $49,000.

Capital Group Dividend Value ETF Trading Up 0.7%

CGDV stock opened at $47.80 on Thursday. Capital Group Dividend Value ETF has a twelve month low of $36.10 and a twelve month high of $47.88. The company’s 50 day moving average is $44.68 and its two-hundred day moving average is $44.25. The stock has a market cap of $34.47 billion, a P/E ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Profile

The Capital Group Dividend Value ETF (CGDV) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that primarily invests in stocks of dividend-paying, large- and mid-cap US companies. The fund seeks to produce income exceeding the average yield on US stocks. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.