Kestra Investment Management LLC Acquires 163,336 Shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Kestra Investment Management LLC raised its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 17.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,110,623 shares of the company’s stock after acquiring an additional 163,336 shares during the quarter. Capital Group Dividend Value ETF makes up about 1.5% of Kestra Investment Management LLC’s investment portfolio, making the stock its 17th biggest position. Kestra Investment Management LLC owned about 0.49% of Capital Group Dividend Value ETF worth $39,161,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of CGDV. Venturi Wealth Management LLC purchased a new position in Capital Group Dividend Value ETF during the 4th quarter worth $47,000. Blue Trust Inc. grew its holdings in shares of Capital Group Dividend Value ETF by 33.3% during the 4th quarter. Blue Trust Inc. now owns 1,600 shares of the company’s stock worth $58,000 after purchasing an additional 400 shares during the period. Cassady Schiller Wealth Management LLC purchased a new stake in shares of Capital Group Dividend Value ETF in the 3rd quarter valued at $83,000. Oakworth Capital Inc. acquired a new stake in shares of Capital Group Dividend Value ETF in the fourth quarter valued at $129,000. Finally, Westside Investment Management Inc. lifted its position in shares of Capital Group Dividend Value ETF by 1,595.7% during the 4th quarter. Westside Investment Management Inc. now owns 3,900 shares of the company’s stock worth $138,000 after purchasing an additional 3,670 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

CGDV stock opened at $37.20 on Tuesday. Capital Group Dividend Value ETF has a 12 month low of $30.28 and a 12 month high of $37.38. The company has a fifty day moving average price of $36.14 and a 200 day moving average price of $36.00. The company has a market cap of $8.48 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92.

Capital Group Dividend Value ETF 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.