Calton & Associates Inc. Boosts Stock Position in Capital Group Dividend Value ETF $CGDV

Calton & Associates Inc. lifted its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 42.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 68,590 shares of the company’s stock after purchasing an additional 20,520 shares during the period. Calton & Associates Inc.’s holdings in Capital Group Dividend Value ETF were worth $2,993,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CGDV. Axxcess Wealth Management LLC boosted its holdings in shares of Capital Group Dividend Value ETF by 448.9% during the fourth quarter. Axxcess Wealth Management LLC now owns 3,520,015 shares of the company’s stock worth $153,613,000 after purchasing an additional 2,878,723 shares during the period. Raymond James Financial Inc. boosted its holdings 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 worth $929,942,000 after purchasing an additional 2,772,053 shares during the period. Bank of America Corp DE boosted its holdings in shares of 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 purchasing an additional 2,688,496 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Capital Group Dividend Value ETF by 12.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 18,754,937 shares of the company’s stock worth $818,465,000 after purchasing an additional 2,061,385 shares during the period. Finally, Mainstay Capital Management LLC ADV purchased a new stake in shares of Capital Group Dividend Value ETF during the third quarter worth about $70,987,000.

Capital Group Dividend Value ETF Trading Up 0.5%

Capital Group Dividend Value ETF stock opened at $48.97 on Wednesday. The firm has a 50-day moving average of $45.70 and a 200-day moving average of $44.73. The firm has a market cap of $35.32 billion, a P/E ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 1-year low of $37.32 and a 1-year high of $49.06.

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. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.