Capital Group Dividend Value ETF $CGDV Shares Bought by Nicholson Meyer Capital Management Inc.

Nicholson Meyer Capital Management Inc. increased its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 9.6% during the first quarter, HoldingsChannel.com reports. The fund owned 224,842 shares of the company’s stock after acquiring an additional 19,620 shares during the quarter. Capital Group Dividend Value ETF accounts for approximately 7.3% of Nicholson Meyer Capital Management Inc.’s holdings, making the stock its 6th largest holding. Nicholson Meyer Capital Management Inc.’s holdings in Capital Group Dividend Value ETF were worth $9,565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of CGDV. AQR Capital Management LLC purchased a new stake in Capital Group Dividend Value ETF during the first quarter worth $236,000. Franklin Resources Inc. purchased a new position in shares of Capital Group Dividend Value ETF in the second quarter valued at $226,000. Russell Investments Group Ltd. increased its position in shares of Capital Group Dividend Value ETF by 24.9% in the second quarter. Russell Investments Group Ltd. now owns 4,638 shares of the company’s stock valued at $183,000 after buying an additional 925 shares in the last quarter. Brown Advisory Inc. raised its stake in shares of Capital Group Dividend Value ETF by 22.7% during the 2nd quarter. Brown Advisory Inc. now owns 22,270 shares of the company’s stock worth $879,000 after buying an additional 4,118 shares during the last quarter. Finally, Sei Investments Co. raised its stake in shares of Capital Group Dividend Value ETF by 21.1% during the 2nd quarter. Sei Investments Co. now owns 1,169,992 shares of the company’s stock worth $46,203,000 after buying an additional 203,772 shares during the last quarter.

Capital Group Dividend Value ETF Stock Down 0.6%

Capital Group Dividend Value ETF stock opened at $48.49 on Friday. The firm has a market capitalization of $34.97 billion, a PE ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 52 week low of $39.23 and a 52 week high of $49.43. The firm’s 50-day simple moving average is $47.67 and its 200 day simple moving average is $45.44.

Capital Group Dividend Value ETF 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.