Capital Group Dividend Value ETF $CGDV Shares Purchased by Mascagni Wealth Management Inc.

Mascagni Wealth Management Inc. increased its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 15.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 125,712 shares of the company’s stock after purchasing an additional 16,501 shares during the quarter. Capital Group Dividend Value ETF accounts for about 4.1% of Mascagni Wealth Management Inc.’s investment portfolio, making the stock its 4th largest holding. Mascagni Wealth Management Inc.’s holdings in Capital Group Dividend Value ETF were worth $5,486,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CGDV. AQR Capital Management LLC purchased a new position in Capital Group Dividend Value ETF in the 1st quarter worth approximately $236,000. Franklin Resources Inc. purchased a new position in Capital Group Dividend Value ETF in the 2nd quarter worth approximately $226,000. Russell Investments Group Ltd. boosted its holdings in Capital Group Dividend Value ETF by 24.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,638 shares of the company’s stock worth $183,000 after acquiring an additional 925 shares during the period. Brown Advisory Inc. boosted its holdings in Capital Group Dividend Value ETF by 22.7% in the 2nd quarter. Brown Advisory Inc. now owns 22,270 shares of the company’s stock worth $879,000 after acquiring an additional 4,118 shares during the period. Finally, Sei Investments Co. boosted its holdings in Capital Group Dividend Value ETF by 21.1% in the 2nd quarter. Sei Investments Co. now owns 1,169,992 shares of the company’s stock worth $46,203,000 after acquiring an additional 203,772 shares during the period.

Capital Group Dividend Value ETF Trading Down 2.3%

Capital Group Dividend Value ETF stock opened at $47.88 on Friday. The stock has a market cap of $34.53 billion, a P/E ratio of 26.59 and a beta of 0.89. The stock has a 50 day moving average of $46.16 and a 200-day moving average of $44.87. Capital Group Dividend Value ETF has a 52 week low of $37.98 and a 52 week high of $49.10.

Capital Group Dividend Value ETF Company 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.