IMG Wealth Management Inc. Buys 11,679 Shares of Capital Group Dividend Value ETF $CGDV

IMG Wealth Management Inc. raised its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 4.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 274,583 shares of the company’s stock after acquiring an additional 11,679 shares during the period. Capital Group Dividend Value ETF comprises about 7.4% of IMG Wealth Management Inc.’s investment portfolio, making the stock its 2nd largest position. IMG Wealth Management Inc.’s holdings in Capital Group Dividend Value ETF were worth $11,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of the stock. Pflug Koory LLC acquired a new stake in shares of Capital Group Dividend Value ETF during the 4th quarter worth about $25,000. Triumph Capital Management bought a new position in shares of Capital Group Dividend Value ETF in the third quarter worth about $32,000. Bay Harbor Wealth Management LLC bought a new position in Capital Group Dividend Value ETF in the 4th quarter worth approximately $32,000. Tucker Asset Management LLC bought a new position in Capital Group Dividend Value ETF in the 4th quarter valued at $32,000. Finally, Flagship Wealth Advisors LLC acquired a new stake in shares of Capital Group Dividend Value ETF in the 4th quarter valued at $32,000.

Capital Group Dividend Value ETF Stock Up 0.2%

CGDV stock opened at $48.96 on Tuesday. Capital Group Dividend Value ETF has a twelve month low of $39.87 and a twelve month high of $49.55. The company has a market cap of $37.23 billion, a P/E ratio of 26.59 and a beta of 0.88. The business has a fifty day moving average of $48.66 and a 200-day moving average of $46.23.

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.