CGN Advisors LLC Buys 62,158 Shares of Capital Group Dividend Value ETF $CGDV

CGN Advisors LLC grew its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 44.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,765 shares of the company’s stock after buying an additional 62,158 shares during the period. CGN Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $9,992,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CGDV. LPL Financial LLC lifted its holdings in shares of Capital Group Dividend Value ETF by 20.7% during the 4th quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock worth $2,770,731,000 after acquiring an additional 10,904,954 shares during the last quarter. Axxcess Wealth Management LLC raised 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 purchasing an additional 2,878,723 shares in the last quarter. Raymond James Financial Inc. raised 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 purchasing an additional 2,772,053 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Capital Group Dividend Value ETF by 20.1% during the fourth quarter. Wells Fargo & Company MN now owns 16,311,223 shares of the company’s stock worth $711,822,000 after purchasing an additional 2,729,408 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in 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 worth $666,951,000 after purchasing an additional 2,688,496 shares during the last quarter.

Capital Group Dividend Value ETF Trading Up 1.6%

CGDV opened at $51.08 on Wednesday. The stock has a market capitalization of $38.74 billion, a P/E ratio of 26.59 and a beta of 0.88. The stock has a 50-day moving average price of $48.87 and a 200-day moving average price of $46.45. Capital Group Dividend Value ETF has a 12-month low of $40.22 and a 12-month high of $51.23.

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.