Challenger Wealth Management Sells 11,764 Shares of Capital Group Dividend Value ETF $CGDV

Challenger Wealth Management reduced its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 2.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 473,825 shares of the company’s stock after selling 11,764 shares during the quarter. Capital Group Dividend Value ETF comprises about 16.1% of Challenger Wealth Management’s holdings, making the stock its largest position. Challenger Wealth Management owned approximately 0.07% of Capital Group Dividend Value ETF worth $20,157,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. LPL Financial LLC boosted its holdings in shares of Capital Group Dividend Value ETF by 20.7% in the fourth quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock valued at $2,770,731,000 after acquiring an additional 10,904,954 shares in the last quarter. Raymond James Financial Inc. raised its holdings in Capital Group Dividend Value ETF by 6.6% during the fourth quarter. Raymond James Financial Inc. now owns 23,591,243 shares of the company’s stock worth $1,029,522,000 after purchasing an additional 1,465,566 shares in the last quarter. Capital International Investors raised its holdings in Capital Group Dividend Value ETF by 1.8% during the fourth quarter. Capital International Investors now owns 22,899,119 shares of the company’s stock worth $999,318,000 after purchasing an additional 397,762 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Capital Group Dividend Value ETF by 12.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 18,754,937 shares of the company’s stock valued at $818,465,000 after purchasing an additional 2,061,385 shares during the period. Finally, Cetera Investment Advisers lifted its position in Capital Group Dividend Value ETF by 12.0% in the first quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock valued at $781,004,000 after purchasing an additional 1,959,868 shares during the period.

Capital Group Dividend Value ETF Trading Up 0.6%

Shares of CGDV opened at $49.54 on Friday. The stock’s 50 day moving average is $48.77 and its two-hundred day moving average is $46.35. Capital Group Dividend Value ETF has a twelve month low of $39.87 and a twelve month high of $49.65. The firm has a market capitalization of $37.28 billion, a PE ratio of 26.59 and a beta of 0.88.

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.