Gateway Wealth Partners LLC grew its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV – Free Report) by 173.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 296,837 shares of the company’s stock after acquiring an additional 188,458 shares during the quarter. Gateway Wealth Partners LLC’s holdings in Capital Group Dividend Value ETF were worth $12,627,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Berger Financial Group Inc grew its position in Capital Group Dividend Value ETF by 3.1% in the first quarter. Berger Financial Group Inc now owns 7,519 shares of the company’s stock worth $320,000 after acquiring an additional 224 shares during the period. Clark Capital Management Group Inc. raised its position in Capital Group Dividend Value ETF by 2.4% in the third quarter. Clark Capital Management Group Inc. now owns 9,984 shares of the company’s stock valued at $420,000 after purchasing an additional 238 shares during the period. Cim LLC raised its position in Capital Group Dividend Value ETF by 2.3% in the third quarter. Cim LLC now owns 11,280 shares of the company’s stock valued at $474,000 after purchasing an additional 250 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Capital Group Dividend Value ETF by 1.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 16,080 shares of the company’s stock valued at $635,000 after purchasing an additional 263 shares during the last quarter. Finally, OneAscent Financial Services LLC lifted its stake in shares of Capital Group Dividend Value ETF by 0.7% in the 4th quarter. OneAscent Financial Services LLC now owns 43,691 shares of the company’s stock valued at $1,907,000 after purchasing an additional 294 shares during the last quarter.
Capital Group Dividend Value ETF Stock Performance
Shares of NYSEARCA:CGDV opened at $48.85 on Monday. The business has a 50-day moving average price of $48.63 and a 200 day moving average price of $46.20. The company has a market capitalization of $37.15 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 12-month low of $39.87 and a 12-month high of $49.55.
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. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.
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