Capital Group Dividend Value ETF $CGDV Holdings Raised by NewEdge Advisors LLC

NewEdge Advisors LLC lifted its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 5.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,425,035 shares of the company’s stock after acquiring an additional 73,645 shares during the period. NewEdge Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $60,621,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in Capital Group Dividend Value ETF by 20.7% in the fourth quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock worth $2,770,731,000 after purchasing an additional 10,904,954 shares during the period. Axxcess Wealth Management LLC raised its holdings in shares of Capital Group Dividend Value ETF by 448.9% during the fourth quarter. Axxcess Wealth Management LLC now owns 3,520,015 shares of the company’s stock worth $153,613,000 after purchasing an additional 2,878,723 shares during the period. Raymond James Financial Inc. raised its holdings in shares of Capital Group Dividend Value ETF by 14.3% during the third quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock worth $929,942,000 after purchasing an additional 2,772,053 shares during the period. Wells Fargo & Company MN lifted its position in shares of Capital Group Dividend Value ETF by 20.1% in the 4th quarter. Wells Fargo & Company MN now owns 16,311,223 shares of the company’s stock worth $711,822,000 after buying an additional 2,729,408 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Capital Group Dividend Value ETF by 20.4% in the 3rd quarter. Bank of America Corp DE now owns 15,868,443 shares of the company’s stock worth $666,951,000 after buying an additional 2,688,496 shares during the last quarter.

Capital Group Dividend Value ETF Stock Performance

NYSEARCA CGDV opened at $51.02 on Friday. Capital Group Dividend Value ETF has a one year low of $40.22 and a one year high of $51.49. The company has a 50-day simple moving average of $48.98 and a 200-day simple moving average of $46.55. The firm has a market capitalization of $38.69 billion, a PE ratio of 26.59 and a beta of 0.88.

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.