Simplicity Wealth LLC Trims Position in Capital Group Dividend Value ETF $CGDV

Simplicity Wealth LLC decreased its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 44.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,709 shares of the company’s stock after selling 33,547 shares during the period. Simplicity Wealth LLC’s holdings in Capital Group Dividend Value ETF were worth $1,774,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CGDV. LPL Financial LLC raised its stake in 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 valued at $2,770,731,000 after acquiring an additional 10,904,954 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of Capital Group Dividend Value ETF by 6.6% in the 4th quarter. Raymond James Financial Inc. now owns 23,591,243 shares of the company’s stock valued at $1,029,522,000 after purchasing an additional 1,465,566 shares during the last quarter. Capital International Investors grew its stake in shares of Capital Group Dividend Value ETF by 1.8% in the 4th quarter. Capital International Investors now owns 22,899,119 shares of the company’s stock valued at $999,318,000 after purchasing an additional 397,762 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Capital Group Dividend Value ETF by 12.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 18,754,937 shares of the company’s stock valued at $818,465,000 after purchasing an additional 2,061,385 shares during the period. Finally, Cetera Investment Advisers increased its holdings in shares of Capital Group Dividend Value ETF by 14.5% in the fourth quarter. Cetera Investment Advisers now owns 16,399,426 shares of the company’s stock valued at $715,671,000 after purchasing an additional 2,082,860 shares during the period.

Capital Group Dividend Value ETF Trading Up 0.7%

Shares of Capital Group Dividend Value ETF stock traded up $0.36 during trading hours on Friday, hitting $49.50. 3,411,637 shares of the company were exchanged, compared to its average volume of 4,542,946. Capital Group Dividend Value ETF has a 1 year low of $39.87 and a 1 year high of $49.55. The business has a 50-day moving average of $48.32 and a 200-day moving average of $45.83. The stock has a market capitalization of $36.89 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88.

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.