Clear Harbor Asset Management LLC Takes $1.15 Million Position in Capital Group Dividend Value ETF $CGDV

Clear Harbor Asset Management LLC bought a new stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 26,450 shares of the company’s stock, valued at approximately $1,154,000.

A number of other institutional investors have also modified their holdings of CGDV. Pflug Koory LLC acquired a new stake in shares of Capital Group Dividend Value ETF in the 4th quarter valued at about $25,000. Triumph Capital Management acquired a new stake in shares of Capital Group Dividend Value ETF in the 3rd quarter valued at about $32,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of Capital Group Dividend Value ETF in the 4th quarter valued at about $32,000. Tucker Asset Management LLC acquired a new stake in shares of Capital Group Dividend Value ETF in the 4th quarter valued at about $32,000. Finally, CoreCap Advisors LLC raised its stake in shares of Capital Group Dividend Value ETF by 93.8% in the 4th quarter. CoreCap Advisors LLC now owns 849 shares of the company’s stock valued at $37,000 after purchasing an additional 411 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of Capital Group Dividend Value ETF stock opened at $48.75 on Tuesday. The firm has a market cap of $35.16 billion, a PE ratio of 26.59 and a beta of 0.89. The firm’s 50-day simple moving average is $45.70 and its 200-day simple moving average is $44.73. Capital Group Dividend Value ETF has a 1 year low of $36.90 and a 1 year high of $48.85.

Capital Group Dividend Value ETF Company 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.