Nations Financial Group Inc. IA ADV Increases Stake in Capital Group Dividend Value ETF $CGDV

Nations Financial Group Inc. IA ADV grew its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 3.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 304,615 shares of the company’s stock after acquiring an additional 10,497 shares during the period. Capital Group Dividend Value ETF accounts for 0.7% of Nations Financial Group Inc. IA ADV’s portfolio, making the stock its 25th largest holding. Nations Financial Group Inc. IA ADV’s holdings in Capital Group Dividend Value ETF were worth $12,958,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. LPL Financial LLC lifted 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 grew its holdings 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 purchasing an additional 2,878,723 shares during the period. Raymond James Financial Inc. increased its position in 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 worth $929,942,000 after buying an additional 2,772,053 shares in the last quarter. Wells Fargo & Company MN increased its position in Capital Group Dividend Value ETF by 20.1% in the fourth quarter. Wells Fargo & Company MN now owns 16,311,223 shares of the company’s stock worth $711,822,000 after buying an additional 2,729,408 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of 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 worth $666,951,000 after buying an additional 2,688,496 shares during the period.

Capital Group Dividend Value ETF Price Performance

NYSEARCA CGDV opened at $48.99 on Friday. Capital Group Dividend Value ETF has a 52 week low of $38.00 and a 52 week high of $49.43. The company has a market capitalization of $35.33 billion, a P/E ratio of 26.59 and a beta of 0.89. The stock’s 50-day moving average price is $47.32 and its 200-day moving average price is $45.26.

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.