Cambridge Investment Research Advisors Inc. Buys 774,057 Shares of Capital Group Dividend Value ETF $CGDV

Cambridge Investment Research Advisors Inc. boosted its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 12.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,054,003 shares of the company’s stock after acquiring an additional 774,057 shares during the quarter. Capital Group Dividend Value ETF comprises about 0.8% of Cambridge Investment Research Advisors Inc.’s investment portfolio, making the stock its 12th biggest position. Cambridge Investment Research Advisors Inc.’s holdings in Capital Group Dividend Value ETF were worth $307,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Capital Group Dividend Value ETF Stock Performance

CGDV opened at $47.82 on Friday. The stock has a market cap of $34.49 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The stock’s 50 day moving average price is $44.80 and its 200-day moving average price is $44.31. Capital Group Dividend Value ETF has a one year low of $36.10 and a one year high of $48.49.

About Capital Group Dividend Value ETF

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.