Midwest Heritage Bank FSB Increases Stock Position in Capital Group Dividend Value ETF $CGDV

Midwest Heritage Bank FSB lifted its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 9.5% during the first quarter, Holdings Channel reports. The institutional investor owned 709,510 shares of the company’s stock after purchasing an additional 61,800 shares during the period. Capital Group Dividend Value ETF makes up approximately 9.7% of Midwest Heritage Bank FSB’s investment portfolio, making the stock its 3rd biggest position. Midwest Heritage Bank FSB’s holdings in Capital Group Dividend Value ETF were worth $30,183,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. LPL Financial LLC lifted its holdings in Capital Group Dividend Value ETF by 20.7% in the 4th quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock worth $2,770,731,000 after purchasing an additional 10,904,954 shares in the last quarter. Axxcess Wealth Management LLC grew its holdings 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 buying an additional 2,878,723 shares in the last quarter. Raymond James Financial Inc. grew its holdings in Capital Group Dividend Value ETF by 14.3% during the 3rd quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock valued at $929,942,000 after buying an additional 2,772,053 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Capital Group Dividend Value ETF by 20.1% during the 4th quarter. Wells Fargo & Company MN now owns 16,311,223 shares of the company’s stock valued at $711,822,000 after buying an additional 2,729,408 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Capital Group Dividend Value ETF by 20.4% during the third quarter. Bank of America Corp DE now owns 15,868,443 shares of the company’s stock valued at $666,951,000 after buying an additional 2,688,496 shares during the last quarter.

Capital Group Dividend Value ETF Stock Performance

CGDV stock opened at $48.99 on Friday. Capital Group Dividend Value ETF has a one year low of $38.00 and a one year high of $49.43. The company’s fifty day moving average price is $47.32 and its 200-day moving average price is $45.26. The company has a market capitalization of $35.33 billion, a PE ratio of 26.59 and a beta of 0.89.

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.