KWB Wealth Raises Holdings in Capital Group Dividend Value ETF $CGDV

KWB Wealth grew its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 16.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 579,994 shares of the company’s stock after buying an additional 80,395 shares during the period. Capital Group Dividend Value ETF accounts for 2.4% of KWB Wealth’s portfolio, making the stock its 7th biggest position. KWB Wealth owned approximately 0.08% of Capital Group Dividend Value ETF worth $28,582,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CGDV. LPL Financial LLC lifted its stake in 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 worth $2,770,731,000 after acquiring an additional 10,904,954 shares during the period. Axxcess Wealth Management LLC increased its position in Capital Group Dividend Value ETF by 448.9% during the 4th quarter. Axxcess Wealth Management LLC now owns 3,520,015 shares of the company’s stock valued at $153,613,000 after purchasing an additional 2,878,723 shares during the period. Raymond James Financial Inc. raised its holdings in Capital Group Dividend Value ETF by 14.3% in the 3rd quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock worth $929,942,000 after purchasing an additional 2,772,053 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Capital Group Dividend Value ETF by 20.1% in the 4th quarter. Wells Fargo & Company MN now owns 16,311,223 shares of the company’s stock worth $711,822,000 after purchasing an additional 2,729,408 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in Capital Group Dividend Value ETF by 20.4% in the 3rd quarter. Bank of America Corp DE now owns 15,868,443 shares of the company’s stock worth $666,951,000 after purchasing an additional 2,688,496 shares in the last quarter.

Capital Group Dividend Value ETF Trading Down 0.2%

NYSEARCA:CGDV opened at $51.21 on Tuesday. The company has a 50-day moving average price of $49.08 and a 200-day moving average price of $46.65. The stock has a market cap of $38.84 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 12 month low of $40.45 and a 12 month high of $51.49.

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.