Essex Financial Services Inc. Buys 10,497 Shares of Capital Group Dividend Value ETF $CGDV

Essex Financial Services Inc. increased its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 4.1% in the first quarter, HoldingsChannel reports. The firm owned 269,190 shares of the company’s stock after buying an additional 10,497 shares during the period. Essex Financial Services Inc.’s holdings in Capital Group Dividend Value ETF were worth $11,451,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. PW Advisors LLC FL bought a new position in Capital Group Dividend Value ETF in the first quarter worth about $419,000. Barnes Pettey Financial Advisors LLC raised its stake in shares of Capital Group Dividend Value ETF by 8.0% during the 1st quarter. Barnes Pettey Financial Advisors LLC now owns 238,067 shares of the company’s stock worth $10,127,000 after acquiring an additional 17,697 shares in the last quarter. Merited Wealth LLC raised its stake in shares of Capital Group Dividend Value ETF by 30.7% during the 1st quarter. Merited Wealth LLC now owns 62,003 shares of the company’s stock worth $2,638,000 after acquiring an additional 14,569 shares in the last quarter. True Blue Financial LLC lifted its position in Capital Group Dividend Value ETF by 15.4% during the first quarter. True Blue Financial LLC now owns 94,481 shares of the company’s stock valued at $4,019,000 after acquiring an additional 12,619 shares during the last quarter. Finally, Tcfg Wealth Management LLC purchased a new stake in Capital Group Dividend Value ETF during the first quarter valued at approximately $274,000.

Capital Group Dividend Value ETF Trading Down 0.4%

NYSEARCA CGDV opened at $49.09 on Thursday. The firm’s fifty day simple moving average is $47.88 and its two-hundred day simple moving average is $45.57. The firm has a market capitalization of $36.53 billion, a P/E ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 12-month low of $39.50 and a 12-month high of $49.43.

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.