Capital Group Dividend Value ETF $CGDV Shares Bought by IMG Wealth Management Inc.

IMG Wealth Management Inc. boosted its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 6.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 262,904 shares of the company’s stock after acquiring an additional 15,232 shares during the period. Capital Group Dividend Value ETF comprises 7.3% of IMG Wealth Management Inc.’s investment portfolio, making the stock its 2nd biggest holding. IMG Wealth Management Inc.’s holdings in Capital Group Dividend Value ETF were worth $11,473,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CGDV. AQR Capital Management LLC acquired a new position in Capital Group Dividend Value ETF during the 1st quarter worth approximately $236,000. Franklin Resources Inc. purchased a new stake in shares of Capital Group Dividend Value ETF during the 2nd quarter worth approximately $226,000. Russell Investments Group Ltd. lifted its position in shares of Capital Group Dividend Value ETF by 24.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,638 shares of the company’s stock worth $183,000 after buying an additional 925 shares during the last quarter. Brown Advisory Inc. lifted its position in shares of Capital Group Dividend Value ETF by 22.7% during the 2nd quarter. Brown Advisory Inc. now owns 22,270 shares of the company’s stock worth $879,000 after buying an additional 4,118 shares during the last quarter. Finally, Sei Investments Co. lifted its position in shares of Capital Group Dividend Value ETF by 21.1% during the 2nd quarter. Sei Investments Co. now owns 1,169,992 shares of the company’s stock worth $46,203,000 after buying an additional 203,772 shares during the last quarter.

Capital Group Dividend Value ETF Trading Down 1.2%

Shares of NYSEARCA:CGDV opened at $47.82 on Friday. The company has a market capitalization of $34.49 billion, a PE ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a twelve month low of $36.10 and a twelve month high of $48.49. The firm has a 50 day simple moving average of $44.80 and a 200-day simple moving average of $44.31.

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.