RM Financial Services LLC Buys New Position in Capital Group Dividend Value ETF $CGDV

RM Financial Services LLC purchased a new stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 106,414 shares of the company’s stock, valued at approximately $4,644,000. Capital Group Dividend Value ETF comprises 4.1% of RM Financial Services LLC’s holdings, making the stock its 7th biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. GWN Securities Inc. increased its holdings in shares of Capital Group Dividend Value ETF by 26.4% during the fourth quarter. GWN Securities Inc. now owns 35,860 shares of the company’s stock valued at $1,565,000 after acquiring an additional 7,490 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Capital Group Dividend Value ETF by 9.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 2,928,421 shares of the company’s stock worth $127,796,000 after purchasing an additional 242,466 shares in the last quarter. Capital Analysts LLC grew its position in Capital Group Dividend Value ETF by 2.8% during the 4th quarter. Capital Analysts LLC now owns 102,497 shares of the company’s stock worth $4,473,000 after purchasing an additional 2,797 shares during the last quarter. Clarity Retirement & Wealth LLC purchased a new stake in Capital Group Dividend Value ETF during the 4th quarter worth approximately $15,262,000. Finally, Focus Partners Advisor Solutions LLC acquired a new position in Capital Group Dividend Value ETF during the 4th quarter valued at approximately $398,000.

Capital Group Dividend Value ETF Trading Down 1.8%

NYSEARCA CGDV opened at $47.27 on Thursday. Capital Group Dividend Value ETF has a 12-month low of $38.00 and a 12-month high of $49.10. The company has a fifty day simple moving average of $46.51 and a two-hundred day simple moving average of $45.01. The stock has a market cap of $34.09 billion, a P/E ratio of 26.59 and a beta of 0.89.

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.