Nations Financial Group Inc. IA ADV Purchases 28,396 Shares of Capital Group Dividend Value ETF $CGDV

Nations Financial Group Inc. IA ADV grew its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 10.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 294,118 shares of the company’s stock after purchasing an additional 28,396 shares during the period. Capital Group Dividend Value ETF comprises approximately 0.7% of Nations Financial Group Inc. IA ADV’s portfolio, making the stock its 23rd biggest position. Nations Financial Group Inc. IA ADV’s holdings in Capital Group Dividend Value ETF were worth $12,835,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. increased its holdings in Capital Group Dividend Value ETF by 14.3% during the 3rd 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 in the last quarter. Envestnet Asset Management Inc. lifted its stake in Capital Group Dividend Value ETF by 4.0% in the third quarter. Envestnet Asset Management Inc. now owns 17,388,906 shares of the company’s stock valued at $730,856,000 after purchasing an additional 668,214 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Capital Group Dividend Value ETF by 8.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 16,693,552 shares of the company’s stock valued at $701,630,000 after purchasing an additional 1,365,491 shares during the last quarter. Bank of America Corp DE lifted its stake 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 valued at $666,951,000 after purchasing an additional 2,688,496 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of Capital Group Dividend Value ETF by 11.1% during the third quarter. Commonwealth Equity Services LLC now owns 10,957,728 shares of the company’s stock worth $460,553,000 after acquiring an additional 1,093,062 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

NYSEARCA:CGDV opened at $45.38 on Thursday. The company has a market cap of $30.80 billion, a P/E ratio of 26.59 and a beta of 0.90. The stock’s fifty day moving average price is $44.33 and its two-hundred day moving average price is $43.69. Capital Group Dividend Value ETF has a 1 year low of $32.51 and a 1 year high of $46.01.

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.