VVR Holdings LLC Takes $17.75 Million Position in Capital Group Dividend Value ETF $CGDV

VVR Holdings LLC bought a new position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 406,768 shares of the company’s stock, valued at approximately $17,751,000. Capital Group Dividend Value ETF makes up 9.2% of VVR Holdings LLC’s portfolio, making the stock its 5th largest holding.

Several other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC purchased a new position in shares of Capital Group Dividend Value ETF in the 1st quarter worth about $236,000. Franklin Resources Inc. bought a new stake in Capital Group Dividend Value ETF in the 2nd quarter worth approximately $226,000. Russell Investments Group Ltd. boosted its stake in Capital Group Dividend Value ETF by 24.9% in the second quarter. Russell Investments Group Ltd. now owns 4,638 shares of the company’s stock worth $183,000 after buying an additional 925 shares in the last quarter. Brown Advisory Inc. raised its stake in shares of Capital Group Dividend Value ETF by 22.7% during the second quarter. Brown Advisory Inc. now owns 22,270 shares of the company’s stock worth $879,000 after acquiring an additional 4,118 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Capital Group Dividend Value ETF by 21.1% in the 2nd quarter. Sei Investments Co. now owns 1,169,992 shares of the company’s stock worth $46,203,000 after acquiring an additional 203,772 shares during the last quarter.

Capital Group Dividend Value ETF Stock Performance

CGDV stock opened at $47.94 on Tuesday. The firm’s fifty day moving average is $46.27 and its 200 day moving average is $44.93. Capital Group Dividend Value ETF has a 52 week low of $38.00 and a 52 week high of $49.10. The firm has a market cap of $34.57 billion, a P/E ratio of 26.59 and a beta of 0.89.

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.