Core Wealth Advisors Inc. Makes New Investment in Capital Group Dividend Value ETF $CGDV

Core Wealth Advisors Inc. acquired a new position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 251,125 shares of the company’s stock, valued at approximately $8,950,000. Capital Group Dividend Value ETF accounts for about 2.8% of Core Wealth Advisors Inc.’s holdings, making the stock its 11th biggest position.

Several other institutional investors also recently bought and sold shares of CGDV. Comerica Bank boosted its stake in shares of Capital Group Dividend Value ETF by 9.5% in the fourth quarter. Comerica Bank now owns 24,639 shares of the company’s stock valued at $869,000 after purchasing an additional 2,130 shares during the period. Jane Street Group LLC boosted its stake in shares of Capital Group Dividend Value ETF by 24.6% in the fourth quarter. Jane Street Group LLC now owns 483,968 shares of the company’s stock valued at $17,065,000 after purchasing an additional 95,565 shares during the period. Ameriprise Financial Inc. purchased a new position in shares of Capital Group Dividend Value ETF in the fourth quarter valued at $870,000. Benjamin Edwards Inc. boosted its stake in shares of Capital Group Dividend Value ETF by 7.2% in the fourth quarter. Benjamin Edwards Inc. now owns 640,279 shares of the company’s stock valued at $22,576,000 after purchasing an additional 42,981 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Capital Group Dividend Value ETF by 14.7% in the fourth quarter. Bank of America Corp DE now owns 8,456,340 shares of the company’s stock valued at $298,171,000 after purchasing an additional 1,083,233 shares during the period.

Capital Group Dividend Value ETF Trading Down 0.5%

Shares of CGDV stock opened at $41.49 on Monday. The company has a market capitalization of $20.36 billion, a PE ratio of 26.59 and a beta of 0.91. The firm has a fifty day simple moving average of $40.56 and a 200-day simple moving average of $37.62. Capital Group Dividend Value ETF has a twelve month low of $30.94 and a twelve month high of $41.74.

Capital Group Dividend Value ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 30th were issued a dividend of $0.1295 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, June 30th.

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.