New England Capital Financial Advisors LLC Grows Position in Capital Group Dividend Value ETF $CGDV

New England Capital Financial Advisors LLC raised its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 24.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,805 shares of the company’s stock after acquiring an additional 28,319 shares during the period. Capital Group Dividend Value ETF comprises approximately 1.7% of New England Capital Financial Advisors LLC’s investment portfolio, making the stock its 13th largest holding. New England Capital Financial Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $6,075,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. LPL Financial LLC lifted its position in shares of Capital Group Dividend Value ETF by 20.7% during the 4th quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock worth $2,770,731,000 after buying an additional 10,904,954 shares in the last quarter. Axxcess Wealth Management LLC grew its holdings in shares of Capital Group Dividend Value ETF by 448.9% in the fourth quarter. Axxcess Wealth Management LLC now owns 3,520,015 shares of the company’s stock valued at $153,613,000 after acquiring an additional 2,878,723 shares in the last quarter. Raymond James Financial Inc. increased its position 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 during the last quarter. Wells Fargo & Company MN increased its position 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 during the last quarter. Finally, Bank of America Corp DE lifted its holdings in Capital Group Dividend Value ETF by 20.4% during the third quarter. Bank of America Corp DE now owns 15,868,443 shares of the company’s stock worth $666,951,000 after acquiring an additional 2,688,496 shares during the period.

Capital Group Dividend Value ETF Stock Performance

CGDV stock opened at $48.95 on Friday. The stock’s fifty day simple moving average is $48.01 and its two-hundred day simple moving average is $45.63. Capital Group Dividend Value ETF has a 1-year low of $39.76 and a 1-year high of $49.44. 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 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.