Freedom Investment Management Inc. grew its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV – Free Report) by 57.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,658 shares of the company’s stock after purchasing an additional 3,903 shares during the quarter. Freedom Investment Management Inc.’s holdings in Capital Group Dividend Value ETF were worth $388,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Headlands Technologies LLC bought a new position in Capital Group Dividend Value ETF during the 2nd quarter worth approximately $27,000. Signaturefd LLC bought a new position in shares of Capital Group Dividend Value ETF during the second quarter worth $36,000. Hershey Financial Advisers LLC acquired a new position in shares of Capital Group Dividend Value ETF in the 2nd quarter valued at $36,000. Russell Investments Group Ltd. bought a new stake in shares of Capital Group Dividend Value ETF in the 1st quarter valued at $42,000. Finally, Cassady Schiller Wealth Management LLC bought a new stake in shares of Capital Group Dividend Value ETF in the 3rd quarter valued at $83,000.
Capital Group Dividend Value ETF Trading Up 0.6 %
CGDV stock opened at $37.04 on Friday. Capital Group Dividend Value ETF has a 1-year low of $27.90 and a 1-year high of $37.17. The firm has a market cap of $8.44 billion, a PE ratio of 22.38 and a beta of 0.92. The business’s 50-day moving average price is $36.52 and its two-hundred day moving average price is $34.89.
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.
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