Secure Asset Management LLC Sells 176,420 Shares of Capital Group Dividend Value ETF $CGDV

Secure Asset Management LLC cut its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 92.7% during the second quarter, HoldingsChannel reports. The fund owned 13,815 shares of the company’s stock after selling 176,420 shares during the quarter. Secure Asset Management LLC’s holdings in Capital Group Dividend Value ETF were worth $681,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions 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 purchasing an additional 10,904,954 shares in the last quarter. Axxcess Wealth Management LLC raised its holdings in Capital Group Dividend Value ETF by 448.9% in the fourth quarter. Axxcess Wealth Management LLC now owns 3,520,015 shares of the company’s stock worth $153,613,000 after purchasing an additional 2,878,723 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of 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 last quarter. Wells Fargo & Company MN lifted its position in shares of Capital Group Dividend Value ETF by 20.1% during the fourth 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 during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Capital Group Dividend Value ETF by 20.4% in 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 Stock Down 0.8%

Shares of Capital Group Dividend Value ETF stock opened at $49.52 on Wednesday. The firm’s 50 day moving average price is $49.70 and its 200-day moving average price is $47.27. Capital Group Dividend Value ETF has a 52-week low of $40.86 and a 52-week high of $51.63. The company has a market cap of $37.56 billion, a P/E ratio of 26.59 and a beta of 0.88.

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.