CGN Advisors LLC Acquires 62,158 Shares of Capital Group Dividend Value ETF $CGDV

CGN Advisors LLC lifted its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 44.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 202,765 shares of the company’s stock after buying an additional 62,158 shares during the quarter. CGN Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $9,992,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its position in Capital Group Dividend Value ETF by 20.7% during the fourth quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock valued at $2,770,731,000 after buying an additional 10,904,954 shares during the period. Axxcess Wealth Management LLC grew its stake in shares of Capital Group Dividend Value ETF by 448.9% during the fourth quarter. Axxcess Wealth Management LLC now owns 3,520,015 shares of the company’s stock valued at $153,613,000 after buying an additional 2,878,723 shares during the last quarter. Raymond James Financial Inc. increased its holdings 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 worth $929,942,000 after buying an additional 2,772,053 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Capital Group Dividend Value ETF by 20.1% in the fourth quarter. Wells Fargo & Company MN now owns 16,311,223 shares of the company’s stock worth $711,822,000 after buying an additional 2,729,408 shares during the period. Finally, Bank of America Corp DE increased its holdings 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 worth $666,951,000 after buying an additional 2,688,496 shares during the period.

Capital Group Dividend Value ETF Trading Up 1.6%

NYSEARCA CGDV opened at $51.08 on Wednesday. The firm has a market cap of $38.74 billion, a PE ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 1-year low of $40.22 and a 1-year high of $51.23. The stock has a 50-day moving average of $48.87 and a 200-day moving average of $46.45.

Capital Group Dividend Value ETF Company 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.