January Capital Advisors LLC Acquires New Position in Capital Group Dividend Value ETF $CGDV

January Capital Advisors LLC bought a new position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 18,502 shares of the company’s stock, valued at approximately $787,000. Capital Group Dividend Value ETF comprises approximately 1.1% of January Capital Advisors LLC’s holdings, making the stock its 21st biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Leigh Baldwin & CO. LLC raised its stake in shares of Capital Group Dividend Value ETF by 8.6% during the first quarter. Leigh Baldwin & CO. LLC now owns 107,578 shares of the company’s stock worth $4,576,000 after acquiring an additional 8,555 shares in the last quarter. Western Wealth Management LLC lifted its holdings in shares of Capital Group Dividend Value ETF by 8.5% in the 1st quarter. Western Wealth Management LLC now owns 1,124,695 shares of the company’s stock worth $47,845,000 after acquiring an additional 88,340 shares during the last quarter. Mascagni Wealth Management Inc. boosted its stake in shares of Capital Group Dividend Value ETF by 7.1% in the 1st quarter. Mascagni Wealth Management Inc. now owns 134,698 shares of the company’s stock valued at $5,730,000 after purchasing an additional 8,986 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Capital Group Dividend Value ETF by 7.0% in the 1st quarter. Bank of America Corp DE now owns 17,913,033 shares of the company’s stock valued at $762,020,000 after purchasing an additional 1,166,097 shares in the last quarter. Finally, Cassady Wealth & Retirement Planning LLC boosted its stake in shares of Capital Group Dividend Value ETF by 18.3% in the 1st quarter. Cassady Wealth & Retirement Planning LLC now owns 186,190 shares of the company’s stock valued at $8,641,000 after purchasing an additional 28,773 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

CGDV stock opened at $49.23 on Friday. The firm has a market cap of $37.05 billion, a P/E ratio of 26.59 and a beta of 0.88. The firm’s fifty day moving average is $48.74 and its 200 day moving average is $46.33. Capital Group Dividend Value ETF has a 52 week low of $39.87 and a 52 week high of $49.55.

Capital Group Dividend Value ETF Company 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.