Altus Wealth Group LLC Boosts Position in Capital Group Dividend Value ETF $CGDV

Altus Wealth Group LLC boosted its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 48.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,112 shares of the company’s stock after buying an additional 20,892 shares during the quarter. Capital Group Dividend Value ETF makes up 1.1% of Altus Wealth Group LLC’s portfolio, making the stock its 17th largest position. Altus Wealth Group LLC’s holdings in Capital Group Dividend Value ETF were worth $2,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. LPL Financial LLC grew its stake in Capital Group Dividend Value ETF by 20.7% in the 4th quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock worth $2,770,731,000 after acquiring an additional 10,904,954 shares in the last quarter. Axxcess Wealth Management LLC increased its position in shares of 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 worth $153,613,000 after acquiring an additional 2,878,723 shares during the period. Raymond James Financial Inc. raised its stake in shares of Capital Group Dividend Value ETF by 14.3% during the third quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock valued at $929,942,000 after acquiring an additional 2,772,053 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Capital Group Dividend Value ETF by 20.1% during the fourth quarter. Wells Fargo & Company MN now owns 16,311,223 shares of the company’s stock valued at $711,822,000 after acquiring an additional 2,729,408 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings 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 valued at $666,951,000 after purchasing an additional 2,688,496 shares during the period.

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA:CGDV opened at $48.95 on Friday. The business’s 50 day moving average is $48.01 and its 200 day moving average is $45.63. The stock has a market cap of $36.43 billion, a P/E ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 52-week low of $39.76 and a 52-week high of $49.44.

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.