Merited Wealth LLC Grows Position in Capital Group Dividend Value ETF $CGDV

Merited Wealth LLC grew its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 30.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,003 shares of the company’s stock after buying an additional 14,569 shares during the period. Capital Group Dividend Value ETF accounts for about 2.2% of Merited Wealth LLC’s holdings, making the stock its 16th biggest holding. Merited Wealth LLC’s holdings in Capital Group Dividend Value ETF were worth $2,638,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CGDV. Pflug Koory LLC purchased a new stake in Capital Group Dividend Value ETF during the 4th quarter valued at about $25,000. Triumph Capital Management purchased a new position in Capital Group Dividend Value ETF in the 3rd quarter worth approximately $32,000. Bay Harbor Wealth Management LLC purchased a new position in Capital Group Dividend Value ETF in the 4th quarter worth approximately $32,000. Tucker Asset Management LLC acquired a new position in shares of Capital Group Dividend Value ETF during the 4th quarter worth approximately $32,000. Finally, Flagship Wealth Advisors LLC acquired a new position in shares of Capital Group Dividend Value ETF during the 4th quarter worth approximately $32,000.

Capital Group Dividend Value ETF Price Performance

CGDV stock opened at $49.09 on Thursday. The business has a 50 day simple moving average of $47.88 and a 200-day simple moving average of $45.57. The firm has a market capitalization of $36.53 billion, a PE ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 1 year low of $39.50 and a 1 year high of $49.43.

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.