Kestra Private Wealth Services LLC Buys 35,765 Shares of Capital Group Dividend Value ETF $CGDV

Kestra Private Wealth Services LLC lifted its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 4.8% during the first quarter, HoldingsChannel.com reports. The firm owned 773,695 shares of the company’s stock after purchasing an additional 35,765 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Capital Group Dividend Value ETF were worth $32,913,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in CGDV. Faithward Advisors LLC boosted its stake in Capital Group Dividend Value ETF by 94.7% in the 1st quarter. Faithward Advisors LLC now owns 18,958 shares of the company’s stock worth $784,000 after purchasing an additional 9,220 shares during the period. Richards Merrill & Peterson Inc. increased its position in shares of Capital Group Dividend Value ETF by 72.6% during the first quarter. Richards Merrill & Peterson Inc. now owns 59,315 shares of the company’s stock valued at $2,523,000 after buying an additional 24,945 shares during the period. Investment Advisory Services Inc. TX ADV lifted its holdings in shares of Capital Group Dividend Value ETF by 11.9% in the first quarter. Investment Advisory Services Inc. TX ADV now owns 31,294 shares of the company’s stock worth $1,331,000 after buying an additional 3,335 shares in the last quarter. Trinity Wealth Management LLC lifted its holdings in shares of Capital Group Dividend Value ETF by 8.3% in the first quarter. Trinity Wealth Management LLC now owns 41,951 shares of the company’s stock worth $1,785,000 after buying an additional 3,220 shares in the last quarter. Finally, Signal Advisors Wealth LLC lifted its holdings in shares of Capital Group Dividend Value ETF by 6.9% in the first quarter. Signal Advisors Wealth LLC now owns 6,933 shares of the company’s stock worth $295,000 after buying an additional 447 shares in the last quarter.

Capital Group Dividend Value ETF Trading Up 0.3%

CGDV stock opened at $48.50 on Thursday. The firm has a 50 day moving average of $47.54 and a 200-day moving average of $45.38. The firm has a market capitalization of $34.98 billion, a P/E ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 12 month low of $38.81 and a 12 month high of $49.43.

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.