KWB Wealth Has $28.58 Million Holdings in Capital Group Dividend Value ETF $CGDV

KWB Wealth increased its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 16.1% in the second quarter, HoldingsChannel reports. The firm owned 579,994 shares of the company’s stock after purchasing an additional 80,395 shares during the quarter. Capital Group Dividend Value ETF accounts for approximately 2.4% of KWB Wealth’s holdings, making the stock its 7th biggest holding. KWB Wealth’s holdings in Capital Group Dividend Value ETF were worth $28,582,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. LPL Financial LLC grew its stake in Capital Group Dividend Value ETF by 20.7% in the fourth quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock worth $2,770,731,000 after purchasing an additional 10,904,954 shares during the period. Axxcess Wealth Management LLC lifted its position in 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 period. Raymond James Financial Inc. lifted its position in Capital Group Dividend Value ETF by 14.3% during the third quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock valued at $929,942,000 after buying an additional 2,772,053 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Capital Group Dividend Value ETF by 20.1% during the 4th quarter. Wells Fargo & Company MN now owns 16,311,223 shares of the company’s stock valued at $711,822,000 after buying an additional 2,729,408 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Capital Group Dividend Value ETF by 20.4% during the 3rd quarter. Bank of America Corp DE now owns 15,868,443 shares of the company’s stock valued at $666,951,000 after buying an additional 2,688,496 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

NYSEARCA:CGDV opened at $51.21 on Tuesday. The firm’s 50-day moving average price is $49.08 and its 200-day moving average price is $46.65. The company has a market capitalization of $38.84 billion, a PE ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 1-year low of $40.45 and a 1-year high of $51.49.

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.