Wealth Alliance LLC grew its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV – Free Report) by 130.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,213 shares of the company’s stock after buying an additional 54,965 shares during the quarter. Wealth Alliance LLC’s holdings in Capital Group Dividend Value ETF were worth $4,135,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Pflug Koory LLC purchased a new position in Capital Group Dividend Value ETF during the 4th quarter valued at about $25,000. Flagship Wealth Advisors LLC acquired a new position in Capital Group Dividend Value ETF during the fourth quarter worth about $32,000. Bay Harbor Wealth Management LLC purchased a new stake in shares of Capital Group Dividend Value ETF in the fourth quarter valued at about $32,000. Tucker Asset Management LLC purchased a new stake in shares of Capital Group Dividend Value ETF in the fourth quarter valued at about $32,000. Finally, Triumph Capital Management acquired a new stake in shares of Capital Group Dividend Value ETF in the third quarter valued at approximately $32,000.
Capital Group Dividend Value ETF Price Performance
CGDV stock opened at $48.85 on Friday. The company’s 50 day simple moving average is $48.63 and its 200-day simple moving average is $46.18. Capital Group Dividend Value ETF has a 12 month low of $39.87 and a 12 month high of $49.55. The firm has a market capitalization of $36.67 billion, a PE ratio of 26.59 and a beta of 0.88.
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.
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