D.A. Davidson & CO. Raises Stock Position in Capital Group Dividend Value ETF $CGDV

D.A. Davidson & CO. boosted its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 2.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,639,940 shares of the company’s stock after purchasing an additional 98,328 shares during the period. Capital Group Dividend Value ETF makes up approximately 0.9% of D.A. Davidson & CO.’s holdings, making the stock its 20th largest position. D.A. Davidson & CO. owned about 0.50% of Capital Group Dividend Value ETF worth $154,843,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CGDV. LPL Financial LLC boosted its stake in shares of 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 buying an additional 10,904,954 shares during the last quarter. Axxcess Wealth Management LLC increased its position in Capital Group Dividend Value ETF by 448.9% during the fourth quarter. Axxcess Wealth Management LLC now owns 3,520,015 shares of the company’s stock valued at $153,613,000 after acquiring an additional 2,878,723 shares during the last quarter. Raymond James Financial Inc. increased its position in Capital Group Dividend Value ETF by 14.3% during the third quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock valued at $929,942,000 after acquiring an additional 2,772,053 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Capital Group Dividend Value ETF by 20.1% in the fourth quarter. Wells Fargo & Company MN now owns 16,311,223 shares of the company’s stock valued at $711,822,000 after acquiring an additional 2,729,408 shares during the period. Finally, Bank of America Corp DE lifted its holdings in Capital Group Dividend Value ETF by 20.4% in 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 acquiring an additional 2,688,496 shares during the period.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA:CGDV opened at $49.30 on Thursday. The stock has a market capitalization of $36.74 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. The stock’s 50-day simple moving average is $48.45 and its two-hundred day simple moving average is $45.95. Capital Group Dividend Value ETF has a 52-week low of $39.87 and a 52-week high of $49.55.

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.