Focus Financial Network Inc. Grows Position in Capital Group Dividend Value ETF $CGDV

Focus Financial Network Inc. boosted its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 74.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 193,176 shares of the company’s stock after acquiring an additional 82,401 shares during the quarter. Focus Financial Network Inc.’s holdings in Capital Group Dividend Value ETF were worth $9,548,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in CGDV. Richards Merrill & Peterson Inc. raised its stake in Capital Group Dividend Value ETF by 72.6% in the first quarter. Richards Merrill & Peterson Inc. now owns 59,315 shares of the company’s stock valued at $2,523,000 after buying an additional 24,945 shares in the last quarter. Merit Financial Group LLC boosted its position in shares of Capital Group Dividend Value ETF by 3.8% during the 4th quarter. Merit Financial Group LLC now owns 1,754,850 shares of the company’s stock worth $76,582,000 after acquiring an additional 64,689 shares in the last quarter. Fourpath Capital Management LLC boosted its position in shares of Capital Group Dividend Value ETF by 34.2% during the 4th quarter. Fourpath Capital Management LLC now owns 634,213 shares of the company’s stock worth $27,677,000 after acquiring an additional 161,553 shares in the last quarter. MSH Capital Advisors LLC boosted its position in shares of Capital Group Dividend Value ETF by 66.1% during the 4th quarter. MSH Capital Advisors LLC now owns 35,900 shares of the company’s stock worth $1,567,000 after acquiring an additional 14,293 shares in the last quarter. Finally, Summit Investment Advisory Services LLC increased its holdings in shares of Capital Group Dividend Value ETF by 3.5% in the 4th quarter. Summit Investment Advisory Services LLC now owns 1,005,641 shares of the company’s stock valued at $43,886,000 after acquiring an additional 34,309 shares during the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA CGDV opened at $51.30 on Monday. Capital Group Dividend Value ETF has a fifty-two week low of $40.45 and a fifty-two week high of $51.49. The firm has a market capitalization of $38.91 billion, a PE ratio of 26.59 and a beta of 0.88. The stock’s 50-day simple moving average is $49.04 and its 200-day simple moving average is $46.59.

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.