Stonebridge Financial Group LLC Decreases Stake in Capital Group Dividend Value ETF $CGDV

Stonebridge Financial Group LLC reduced its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 45.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,818 shares of the company’s stock after selling 49,117 shares during the quarter. Stonebridge Financial Group LLC’s holdings in Capital Group Dividend Value ETF were worth $2,849,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CGDV. Richards Merrill & Peterson Inc. raised its holdings in shares of Capital Group Dividend Value ETF by 72.6% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 59,315 shares of the company’s stock valued at $2,523,000 after buying an additional 24,945 shares during the period. Kaizen Financial Strategies grew its position in Capital Group Dividend Value ETF by 5.0% in the fourth quarter. Kaizen Financial Strategies now owns 304,926 shares of the company’s stock valued at $13,307,000 after acquiring an additional 14,641 shares in the last quarter. Merit Financial Group LLC grew its position in Capital Group Dividend Value ETF by 3.8% in the fourth quarter. Merit Financial Group LLC now owns 1,754,850 shares of the company’s stock valued at $76,582,000 after acquiring an additional 64,689 shares in the last quarter. BIP Wealth LLC raised its stake in shares of Capital Group Dividend Value ETF by 12,360.2% during the fourth quarter. BIP Wealth LLC now owns 629,240 shares of the company’s stock valued at $27,460,000 after purchasing an additional 624,190 shares during the period. Finally, Fourpath Capital Management LLC raised its stake in shares of Capital Group Dividend Value ETF by 34.2% during the fourth quarter. Fourpath Capital Management LLC now owns 634,213 shares of the company’s stock valued at $27,677,000 after purchasing an additional 161,553 shares during the period.

Capital Group Dividend Value ETF Price Performance

Shares of CGDV stock opened at $50.26 on Tuesday. Capital Group Dividend Value ETF has a 12 month low of $40.22 and a 12 month high of $50.32. The firm has a market capitalization of $37.87 billion, a P/E ratio of 26.59 and a beta of 0.88. The company’s fifty day moving average price is $48.81 and its two-hundred day moving average price is $46.41.

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.