Founders Financial Securities LLC Purchases 53,790 Shares of Capital Group Dividend Value ETF $CGDV

Founders Financial Securities LLC boosted its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 20.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 318,624 shares of the company’s stock after purchasing an additional 53,790 shares during the period. Capital Group Dividend Value ETF comprises 0.9% of Founders Financial Securities LLC’s portfolio, making the stock its 20th biggest holding. Founders Financial Securities LLC’s holdings in Capital Group Dividend Value ETF were worth $14,236,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CGDV. Pflug Koory LLC purchased a new position in shares of Capital Group Dividend Value ETF in the fourth quarter worth approximately $25,000. Triumph Capital Management bought a new stake in Capital Group Dividend Value ETF during the third quarter valued at approximately $32,000. Bay Harbor Wealth Management LLC purchased a new stake in Capital Group Dividend Value ETF during the fourth quarter valued at approximately $32,000. Tucker Asset Management LLC purchased a new stake in Capital Group Dividend Value ETF during the fourth quarter valued at approximately $32,000. Finally, Flagship Wealth Advisors LLC purchased a new stake in Capital Group Dividend Value ETF during the fourth quarter valued at approximately $32,000.

Capital Group Dividend Value ETF Stock Performance

CGDV opened at $48.99 on Friday. The firm’s 50 day simple moving average is $47.32 and its two-hundred day simple moving average is $45.26. The company has a market capitalization of $35.33 billion, a PE 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.

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.