Kestra Advisory Services LLC Has $249.18 Million Position in Capital Group Dividend Value ETF $CGDV

Kestra Advisory Services LLC lifted its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 14.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 5,857,420 shares of the company’s stock after purchasing an additional 760,675 shares during the period. Capital Group Dividend Value ETF comprises 0.9% of Kestra Advisory Services LLC’s portfolio, making the stock its 12th largest holding. Kestra Advisory Services LLC’s holdings in Capital Group Dividend Value ETF were worth $249,175,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. LPL Financial LLC raised its holdings in shares of Capital Group Dividend Value ETF by 20.7% in the fourth quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock valued at $2,770,731,000 after buying an additional 10,904,954 shares during the last quarter. Axxcess Wealth Management LLC lifted its position in Capital Group Dividend Value ETF by 448.9% during the 4th quarter. Axxcess Wealth Management LLC now owns 3,520,015 shares of the company’s stock worth $153,613,000 after buying an additional 2,878,723 shares in the last quarter. Raymond James Financial Inc. grew 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 acquiring an additional 2,772,053 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Capital Group Dividend Value ETF by 20.1% during the 4th quarter. Wells Fargo & Company MN now owns 16,311,223 shares of the company’s stock worth $711,822,000 after acquiring an additional 2,729,408 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Capital Group Dividend Value ETF by 20.4% during the 3rd quarter. Bank of America Corp DE now owns 15,868,443 shares of the company’s stock worth $666,951,000 after acquiring an additional 2,688,496 shares during the last quarter.

Capital Group Dividend Value ETF Trading Up 0.9%

Shares of NYSEARCA CGDV opened at $49.14 on Friday. Capital Group Dividend Value ETF has a 1-year low of $39.87 and a 1-year high of $49.44. The company has a market cap of $36.41 billion, a PE ratio of 26.59 and a beta of 0.88. The company has a 50-day moving average of $48.24 and a two-hundred day moving average of $45.81.

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.