Capital Group Dividend Value ETF $CGDV is M.E. Allison & CO. Inc.’s 2nd Largest Position

M.E. Allison & CO. Inc. boosted its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 7.5% during the second quarter, Holdings Channel reports. The firm owned 149,649 shares of the company’s stock after purchasing an additional 10,390 shares during the quarter. Capital Group Dividend Value ETF comprises about 4.2% of M.E. Allison & CO. Inc.’s holdings, making the stock its 2nd biggest position. M.E. Allison & CO. Inc.’s holdings in Capital Group Dividend Value ETF were worth $7,375,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. DMKC Advisory Services LLC raised its stake in Capital Group Dividend Value ETF by 1,272.7% during the 2nd quarter. DMKC Advisory Services LLC now owns 610,433 shares of the company’s stock valued at $30,082,000 after buying an additional 565,965 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of Capital Group Dividend Value ETF during the 2nd quarter valued at $381,000. Harbor Investment Advisory LLC boosted its stake in shares of Capital Group Dividend Value ETF by 11.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 63,591 shares of the company’s stock worth $3,134,000 after buying an additional 6,406 shares during the last quarter. CGN Advisors LLC boosted its stake in shares of Capital Group Dividend Value ETF by 44.2% in the 2nd quarter. CGN Advisors LLC now owns 202,765 shares of the company’s stock worth $9,992,000 after buying an additional 62,158 shares during the last quarter. Finally, CoreCap Advisors LLC grew its holdings in shares of Capital Group Dividend Value ETF by 19.5% in the second quarter. CoreCap Advisors LLC now owns 1,338 shares of the company’s stock worth $66,000 after acquiring an additional 218 shares during the period.

Capital Group Dividend Value ETF Stock Performance

Capital Group Dividend Value ETF stock opened at $51.09 on Thursday. The stock has a market cap of $38.75 billion, a PE ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a one year low of $40.22 and a one year high of $51.49. The stock has a fifty day moving average of $48.93 and a 200 day moving average of $46.50.

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.