Capital International Investors Purchases 397,762 Shares of Capital Group Dividend Value ETF $CGDV

Capital International Investors lifted its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,899,119 shares of the company’s stock after acquiring an additional 397,762 shares during the quarter. Capital International Investors’ holdings in Capital Group Dividend Value ETF were worth $999,318,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CGDV. Pflug Koory LLC bought a new stake in shares of Capital Group Dividend Value ETF during the fourth quarter worth $25,000. Triumph Capital Management bought a new stake in shares of Capital Group Dividend Value ETF during the third quarter worth $32,000. Bay Harbor Wealth Management LLC bought a new stake in shares of Capital Group Dividend Value ETF during the fourth quarter worth $32,000. Tucker Asset Management LLC bought a new stake in shares of Capital Group Dividend Value ETF during the fourth quarter worth $32,000. Finally, Flagship Wealth Advisors LLC bought a new stake in shares of Capital Group Dividend Value ETF during the fourth quarter worth $32,000.

Capital Group Dividend Value ETF Stock Down 2.3%

CGDV stock opened at $47.88 on Friday. The company has a market cap of $34.53 billion, a P/E ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a twelve month low of $37.98 and a twelve month high of $49.10. The business has a fifty day moving average of $46.16 and a 200-day moving average of $44.87.

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.