Thoroughbred Financial Services LLC Grows Stock Holdings in Capital Group Dividend Value ETF $CGDV

Thoroughbred Financial Services LLC grew its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 24.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 492,481 shares of the company’s stock after buying an additional 98,160 shares during the quarter. Capital Group Dividend Value ETF accounts for 1.3% of Thoroughbred Financial Services LLC’s portfolio, making the stock its 14th largest position. Thoroughbred Financial Services LLC owned about 0.08% of Capital Group Dividend Value ETF worth $21,491,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Axxcess Wealth Management LLC boosted its stake in shares of Capital Group Dividend Value ETF by 448.9% in 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 during the period. Raymond James Financial Inc. boosted its stake in shares of Capital Group Dividend Value ETF by 14.3% in 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 during the period. Bank of America Corp DE boosted its stake in shares of 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 purchasing an additional 2,688,496 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Capital Group Dividend Value ETF by 39.1% in the third quarter. Jones Financial Companies Lllp now owns 7,854,486 shares of the company’s stock valued at $328,634,000 after purchasing an additional 2,208,093 shares during the period. Finally, Mainstay Capital Management LLC ADV purchased a new position in shares of Capital Group Dividend Value ETF in the third quarter valued at $70,987,000.

Capital Group Dividend Value ETF Price Performance

CGDV opened at $48.25 on Thursday. The stock has a market capitalization of $34.80 billion, a PE ratio of 26.59 and a beta of 0.89. The firm’s fifty day moving average price is $45.39 and its 200 day moving average price is $44.61. Capital Group Dividend Value ETF has a 12-month low of $36.72 and a 12-month high of $48.49.

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.