Platt Wealth Management LLC Purchases Shares of 420,280 Capital Group Dividend Value ETF $CGDV

Platt Wealth Management LLC purchased a new stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 420,280 shares of the company’s stock, valued at approximately $18,341,000. Capital Group Dividend Value ETF comprises 18.2% of Platt Wealth Management LLC’s investment portfolio, making the stock its largest position. Platt Wealth Management LLC owned approximately 0.07% of Capital Group Dividend Value ETF as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CGDV. AQR Capital Management LLC acquired a new position in Capital Group Dividend Value ETF during the 1st quarter valued at about $236,000. Franklin Resources Inc. acquired a new position in Capital Group Dividend Value ETF during the 2nd quarter valued at about $226,000. Russell Investments Group Ltd. boosted its stake in Capital Group Dividend Value ETF by 24.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,638 shares of the company’s stock valued at $183,000 after purchasing an additional 925 shares during the last quarter. Brown Advisory Inc. boosted its stake in Capital Group Dividend Value ETF by 22.7% during the 2nd quarter. Brown Advisory Inc. now owns 22,270 shares of the company’s stock valued at $879,000 after purchasing an additional 4,118 shares during the last quarter. Finally, Sei Investments Co. lifted its position in shares of Capital Group Dividend Value ETF by 21.1% during the 2nd quarter. Sei Investments Co. now owns 1,169,992 shares of the company’s stock worth $46,203,000 after buying an additional 203,772 shares in the last quarter.

Capital Group Dividend Value ETF Stock Up 0.2%

Capital Group Dividend Value ETF stock opened at $47.98 on Friday. Capital Group Dividend Value ETF has a 52 week low of $36.10 and a 52 week high of $48.49. The company’s 50 day moving average price is $45.12 and its two-hundred day moving average price is $44.48. The stock has a market cap of $34.60 billion, a P/E 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.