Capital Group Dividend Value ETF $CGDV Shares Acquired by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated boosted its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 8.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 607,965 shares of the company’s stock after buying an additional 48,665 shares during the quarter. Capital Group Dividend Value ETF comprises approximately 1.8% of Silver Oak Securities Incorporated’s investment portfolio, making the stock its 5th largest holding. Silver Oak Securities Incorporated’s holdings in Capital Group Dividend Value ETF were worth $26,708,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Raymond James Financial Inc. increased its stake 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 valued at $929,942,000 after buying an additional 2,772,053 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Capital Group Dividend Value ETF by 4.0% in the third quarter. Envestnet Asset Management Inc. now owns 17,388,906 shares of the company’s stock worth $730,856,000 after acquiring an additional 668,214 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Capital Group Dividend Value ETF by 8.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 16,693,552 shares of the company’s stock valued at $701,630,000 after acquiring an additional 1,365,491 shares during the last quarter. Bank of America Corp DE boosted its holdings in 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 valued at $666,951,000 after acquiring an additional 2,688,496 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in Capital Group Dividend Value ETF by 11.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 10,957,728 shares of the company’s stock valued at $460,553,000 after purchasing an additional 1,093,062 shares during the period.

Capital Group Dividend Value ETF Stock Performance

NYSEARCA:CGDV opened at $41.46 on Tuesday. Capital Group Dividend Value ETF has a fifty-two week low of $30.94 and a fifty-two week high of $46.01. The company has a 50 day simple moving average of $44.51 and a two-hundred day simple moving average of $43.54. The company has a market capitalization of $26.48 billion, a PE ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF 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.