Capital Group Dividend Value ETF $CGDV Shares Purchased by Smallwood Wealth Investment Management LLC

Smallwood Wealth Investment Management LLC raised its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 8.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 141,238 shares of the company’s stock after purchasing an additional 11,243 shares during the quarter. Capital Group Dividend Value ETF accounts for approximately 3.1% of Smallwood Wealth Investment Management LLC’s portfolio, making the stock its 7th largest position. Smallwood Wealth Investment Management LLC’s holdings in Capital Group Dividend Value ETF were worth $6,960,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CGDV. LPL Financial LLC raised its holdings in shares of Capital Group Dividend Value ETF by 20.7% in the 4th 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 period. Raymond James Financial Inc. increased its stake in Capital Group Dividend Value ETF by 6.6% during the fourth quarter. Raymond James Financial Inc. now owns 23,591,243 shares of the company’s stock worth $1,029,522,000 after purchasing an additional 1,465,566 shares during the period. Capital International Investors increased its stake in Capital Group Dividend Value ETF by 1.8% during the fourth quarter. Capital International Investors now owns 22,899,119 shares of the company’s stock worth $999,318,000 after purchasing an additional 397,762 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Capital Group Dividend Value ETF by 12.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 18,754,937 shares of the company’s stock worth $818,465,000 after purchasing an additional 2,061,385 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of Capital Group Dividend Value ETF by 12.0% in the first quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock valued at $781,004,000 after purchasing an additional 1,959,868 shares during the period.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV stock opened at $49.73 on Thursday. The stock has a market capitalization of $37.72 billion, a P/E ratio of 26.59 and a beta of 0.88. The company has a 50 day moving average price of $49.72 and a 200 day moving average price of $47.30. Capital Group Dividend Value ETF has a fifty-two week low of $40.93 and a fifty-two week high of $51.63.

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.