Capital Group Dividend Value ETF $CGDV Stake Raised by Genesis Private Wealth LLC

Genesis Private Wealth LLC raised its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 18.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 85,573 shares of the company’s stock after acquiring an additional 13,159 shares during the quarter. Capital Group Dividend Value ETF accounts for about 1.1% of Genesis Private Wealth LLC’s portfolio, making the stock its 29th biggest holding. Genesis Private Wealth LLC’s holdings in Capital Group Dividend Value ETF were worth $3,640,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Pflug Koory LLC bought a new stake in shares of Capital Group Dividend Value ETF in the 4th quarter worth approximately $25,000. Flagship Wealth Advisors LLC acquired a new stake in Capital Group Dividend Value ETF during the fourth quarter valued at approximately $32,000. Bay Harbor Wealth Management LLC bought a new stake in Capital Group Dividend Value ETF during the fourth quarter worth approximately $32,000. Tucker Asset Management LLC bought a new stake in Capital Group Dividend Value ETF during the fourth quarter worth approximately $32,000. Finally, Triumph Capital Management bought a new stake in Capital Group Dividend Value ETF during the third quarter worth approximately $32,000.

Capital Group Dividend Value ETF Stock Performance

Capital Group Dividend Value ETF stock opened at $48.99 on Friday. The firm has a market cap of $35.33 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 1 year low of $38.00 and a 1 year high of $49.43. The firm’s 50 day moving average price is $47.32 and its two-hundred 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.