Capital Group Dividend Value ETF $CGDV Shares Sold by Challenger Wealth Management

Challenger Wealth Management reduced its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 2.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 473,825 shares of the company’s stock after selling 11,764 shares during the period. Capital Group Dividend Value ETF makes up approximately 16.1% of Challenger Wealth Management’s portfolio, making the stock its largest position. Challenger Wealth Management’s holdings in Capital Group Dividend Value ETF were worth $20,157,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Pflug Koory LLC purchased a new position in shares of Capital Group Dividend Value ETF in the 4th quarter valued at about $25,000. Bay Harbor Wealth Management LLC purchased a new stake in Capital Group Dividend Value ETF during the fourth quarter worth about $32,000. Tucker Asset Management LLC purchased a new stake in Capital Group Dividend Value ETF during the fourth quarter worth about $32,000. Flagship Wealth Advisors LLC purchased a new position in 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 during the 3rd quarter valued at approximately $32,000.

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA:CGDV opened at $49.54 on Friday. The business’s 50 day simple moving average is $48.77 and its 200-day simple moving average is $46.35. The firm has a market capitalization of $37.28 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 12 month low of $39.87 and a 12 month high of $49.65.

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.