Mariner LLC Purchases 514,366 Shares of Capital Group Dividend Value ETF $CGDV

Mariner LLC boosted its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 33.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,056,636 shares of the company’s stock after buying an additional 514,366 shares during the quarter. Mariner LLC owned approximately 0.32% of Capital Group Dividend Value ETF worth $89,752,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CGDV. Pflug Koory LLC bought a new stake in Capital Group Dividend Value ETF during the 4th quarter valued at $25,000. Triumph Capital Management purchased a new stake in shares of Capital Group Dividend Value ETF in the 3rd quarter worth about $32,000. Bay Harbor Wealth Management LLC purchased a new stake in shares of Capital Group Dividend Value ETF in the 4th quarter worth about $32,000. Tucker Asset Management LLC purchased a new stake in shares of Capital Group Dividend Value ETF in the 4th quarter worth about $32,000. Finally, Flagship Wealth Advisors LLC purchased a new stake in shares of Capital Group Dividend Value ETF in the 4th quarter worth about $32,000.

Capital Group Dividend Value ETF Trading Up 1.4%

NYSEARCA:CGDV opened at $49.22 on Tuesday. The company has a 50-day moving average price of $46.87 and a 200-day moving average price of $45.13. Capital Group Dividend Value ETF has a 12 month low of $38.00 and a 12 month high of $49.43. The stock has a market cap of $35.50 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89.

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.