Cwm LLC Cuts Position in Capital Group Dividend Value ETF $CGDV

Cwm LLC lessened its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 4.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,997,808 shares of the company’s stock after selling 84,218 shares during the quarter. Cwm LLC’s holdings in Capital Group Dividend Value ETF were worth $87,184,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. PFG Investments LLC grew its holdings in Capital Group Dividend Value ETF by 34.8% during the 4th quarter. PFG Investments LLC now owns 14,917 shares of the company’s stock valued at $651,000 after buying an additional 3,854 shares in the last quarter. Valmark Advisers Inc. boosted its holdings in shares of Capital Group Dividend Value ETF by 12.5% in the 4th quarter. Valmark Advisers Inc. now owns 1,061,204 shares of the company’s stock worth $46,311,000 after purchasing an additional 117,746 shares during the period. Seamount Financial Group Inc. boosted its holdings in shares of Capital Group Dividend Value ETF by 8.7% in the 4th quarter. Seamount Financial Group Inc. now owns 225,819 shares of the company’s stock worth $9,855,000 after purchasing an additional 18,062 shares during the period. Code Waechter LLC boosted its holdings in shares of Capital Group Dividend Value ETF by 2.8% in the 4th quarter. Code Waechter LLC now owns 296,062 shares of the company’s stock worth $12,920,000 after purchasing an additional 8,166 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Capital Group Dividend Value ETF by 113.2% in the 4th quarter. Farther Finance Advisors LLC now owns 86,623 shares of the company’s stock worth $3,780,000 after purchasing an additional 46,000 shares during the period.

Capital Group Dividend Value ETF Stock Performance

Shares of Capital Group Dividend Value ETF stock opened at $45.38 on Thursday. The stock has a market cap of $30.80 billion, a price-to-earnings ratio of 26.59 and a beta of 0.90. The stock has a 50 day moving average price of $44.33 and a 200-day moving average price of $43.69. Capital Group Dividend Value ETF has a one year low of $32.51 and a one year high of $46.01.

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.