Capital Group Dividend Value ETF $CGDV is Capital Group Private Client Services Inc.’s 3rd Largest Position

Capital Group Private Client Services Inc. raised its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 7.3% in the fourth quarter, Holdings Channel reports. The firm owned 10,152,683 shares of the company’s stock after buying an additional 692,635 shares during the period. Capital Group Dividend Value ETF accounts for 7.0% of Capital Group Private Client Services Inc.’s investment portfolio, making the stock its 3rd largest holding. Capital Group Private Client Services Inc.’s holdings in Capital Group Dividend Value ETF were worth $443,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in CGDV. AQR Capital Management LLC purchased a new stake in shares of Capital Group Dividend Value ETF during the 1st quarter worth about $236,000. Franklin Resources Inc. purchased a new stake in shares of Capital Group Dividend Value ETF during the 2nd quarter worth about $226,000. Russell Investments Group Ltd. raised its stake in shares of Capital Group Dividend Value ETF by 24.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,638 shares of the company’s stock worth $183,000 after purchasing an additional 925 shares in the last quarter. Brown Advisory Inc. raised its stake in shares of Capital Group Dividend Value ETF by 22.7% during the 2nd quarter. Brown Advisory Inc. now owns 22,270 shares of the company’s stock worth $879,000 after purchasing an additional 4,118 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of Capital Group Dividend Value ETF by 21.1% during the 2nd quarter. Sei Investments Co. now owns 1,169,992 shares of the company’s stock worth $46,203,000 after purchasing an additional 203,772 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

CGDV opened at $47.88 on Friday. Capital Group Dividend Value ETF has a fifty-two week low of $37.98 and a fifty-two week high of $49.10. The business has a 50-day moving average of $46.16 and a 200-day moving average of $44.87. The company has a market capitalization of $34.53 billion, a PE 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.