Founders Financial Securities LLC Acquires 53,790 Shares of Capital Group Dividend Value ETF $CGDV

Founders Financial Securities LLC boosted its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 20.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 318,624 shares of the company’s stock after buying an additional 53,790 shares during the quarter. Capital Group Dividend Value ETF accounts for approximately 0.9% of Founders Financial Securities LLC’s holdings, making the stock its 20th biggest position. Founders Financial Securities LLC’s holdings in Capital Group Dividend Value ETF were worth $14,236,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. AQR Capital Management LLC bought a new stake in shares of Capital Group Dividend Value ETF in the first quarter worth approximately $236,000. Franklin Resources Inc. bought a new position in Capital Group Dividend Value ETF during the second quarter valued at approximately $226,000. Russell Investments Group Ltd. boosted its holdings in Capital Group Dividend Value ETF by 24.9% in the second quarter. Russell Investments Group Ltd. now owns 4,638 shares of the company’s stock worth $183,000 after purchasing an additional 925 shares during the last quarter. Brown Advisory Inc. boosted its holdings in Capital Group Dividend Value ETF by 22.7% in the second quarter. Brown Advisory Inc. now owns 22,270 shares of the company’s stock worth $879,000 after purchasing an additional 4,118 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in Capital Group Dividend Value ETF by 21.1% in the second quarter. Sei Investments Co. now owns 1,169,992 shares of the company’s stock worth $46,203,000 after purchasing an additional 203,772 shares during the last quarter.

Capital Group Dividend Value ETF Stock Performance

NYSEARCA:CGDV opened at $48.99 on Friday. Capital Group Dividend Value ETF has a 12 month low of $38.00 and a 12 month high of $49.43. The company has a market cap of $35.33 billion, a PE ratio of 26.59 and a beta of 0.89. The company has a 50 day simple moving average of $47.32 and a two-hundred day simple moving average of $45.26.

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.