Capital Group Dividend Value ETF $CGDV Shares Sold by SteelPeak Wealth LLC

SteelPeak Wealth LLC lowered its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 67.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,201 shares of the company’s stock after selling 21,094 shares during the period. SteelPeak Wealth LLC’s holdings in Capital Group Dividend Value ETF were worth $435,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Independent Financial Group LLC acquired a new position in shares of Capital Group Dividend Value ETF during the first quarter valued at $22,942,000. Dahring Cusmano LLC acquired a new stake in Capital Group Dividend Value ETF in the first quarter worth about $6,833,000. Birchwood Financial Partners Inc. grew its position in Capital Group Dividend Value ETF by 10.3% in the 1st quarter. Birchwood Financial Partners Inc. now owns 21,210 shares of the company’s stock valued at $902,000 after buying an additional 1,978 shares in the last quarter. Gaddis Premier Wealth Advisors LLC grew its position in Capital Group Dividend Value ETF by 4.1% in the 1st quarter. Gaddis Premier Wealth Advisors LLC now owns 268,054 shares of the company’s stock valued at $11,403,000 after buying an additional 10,580 shares in the last quarter. Finally, D.A. Davidson & CO. grew its position in Capital Group Dividend Value ETF by 2.8% in the 1st quarter. D.A. Davidson & CO. now owns 3,639,940 shares of the company’s stock valued at $154,843,000 after buying an additional 98,328 shares in the last quarter.

Capital Group Dividend Value ETF Trading Down 0.9%

CGDV stock opened at $48.79 on Friday. Capital Group Dividend Value ETF has a 52 week low of $39.87 and a 52 week high of $49.55. The company has a market capitalization of $36.51 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. The firm’s 50-day moving average is $48.53 and its two-hundred day moving average is $46.01.

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.