Convergence Financial LLC Has $6.56 Million Stock Holdings in Capital Group Dividend Value ETF $CGDV

Convergence Financial LLC grew its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 10.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 150,289 shares of the company’s stock after purchasing an additional 14,468 shares during the period. Capital Group Dividend Value ETF comprises about 1.0% of Convergence Financial LLC’s portfolio, making the stock its 27th largest position. Convergence Financial LLC’s holdings in Capital Group Dividend Value ETF were worth $6,559,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CGDV. Axxcess Wealth Management LLC raised its holdings in Capital Group Dividend Value ETF by 448.9% in 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. raised its holdings in Capital Group Dividend Value ETF by 14.3% in 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 raised its holdings in Capital Group Dividend Value ETF by 20.4% in 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. raised its holdings in 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 worth $818,465,000 after purchasing an additional 2,061,385 shares during the period. Finally, Mainstay Capital Management LLC ADV acquired a new stake in Capital Group Dividend Value ETF in the third quarter worth $70,987,000.

Capital Group Dividend Value ETF Stock Up 0.7%

Shares of NYSEARCA:CGDV opened at $49.03 on Friday. The firm has a market cap of $35.36 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 12 month low of $37.74 and a 12 month high of $49.10. The company’s fifty day simple moving average is $46.07 and its 200 day simple moving average is $44.85.

Capital Group Dividend Value ETF Company 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.