Kingswood Wealth Advisors LLC Invests $3.43 Million in Capital Group Dividend Value ETF $CGDV

Kingswood Wealth Advisors LLC acquired a new position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 78,551 shares of the company’s stock, valued at approximately $3,428,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pflug Koory LLC acquired a new stake in shares of Capital Group Dividend Value ETF during the 4th quarter worth $25,000. Triumph Capital Management acquired a new stake in shares of Capital Group Dividend Value ETF during the 3rd quarter worth $32,000. CoreCap Advisors LLC increased its holdings in shares of Capital Group Dividend Value ETF by 93.8% during the 4th quarter. CoreCap Advisors LLC now owns 849 shares of the company’s stock worth $37,000 after buying an additional 411 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Capital Group Dividend Value ETF by 38,200.0% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,149 shares of the company’s stock worth $48,000 after buying an additional 1,146 shares during the last quarter. Finally, Huntington National Bank acquired a new stake in shares of Capital Group Dividend Value ETF during the 3rd quarter worth $49,000.

Capital Group Dividend Value ETF Stock Up 0.7%

CGDV stock opened at $45.84 on Thursday. The company has a market cap of $31.97 billion, a price-to-earnings ratio of 26.59 and a beta of 0.90. The business has a fifty day simple moving average of $44.37 and a 200-day simple moving average of $43.81. Capital Group Dividend Value ETF has a 52 week low of $33.75 and a 52 week high of $46.24.

Capital Group Dividend Value ETF 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.