Northwestern Mutual Wealth Management Co. Acquires 2,061,385 Shares of Capital Group Dividend Value ETF $CGDV

Northwestern Mutual Wealth Management Co. increased its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 12.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 18,754,937 shares of the company’s stock after buying an additional 2,061,385 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Capital Group Dividend Value ETF were worth $818,465,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of CGDV. Pflug Koory LLC bought a new position in shares of Capital Group Dividend Value ETF in the fourth quarter valued at approximately $25,000. Triumph Capital Management bought a new position in Capital Group Dividend Value ETF during the third quarter valued at about $32,000. Bay Harbor Wealth Management LLC bought a new position in Capital Group Dividend Value ETF during the fourth quarter valued at about $32,000. Tucker Asset Management LLC bought a new position in Capital Group Dividend Value ETF during the fourth quarter valued at about $32,000. Finally, CoreCap Advisors LLC grew its position 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 valued at $37,000 after buying an additional 411 shares during the period.

Capital Group Dividend Value ETF Stock Performance

CGDV opened at $48.41 on Friday. The firm has a market cap of $34.91 billion, a P/E ratio of 26.59 and a beta of 0.89. The firm has a 50-day moving average of $45.48 and a 200 day moving average of $44.65. Capital Group Dividend Value ETF has a fifty-two week low of $36.72 and a fifty-two week high of $48.50.

Capital Group Dividend Value ETF Company 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.