IFP Advisors Inc Boosts Holdings in Capital Group Dividend Value ETF $CGDV

IFP Advisors Inc raised its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 7.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 479,476 shares of the company’s stock after purchasing an additional 32,296 shares during the quarter. IFP Advisors Inc owned 0.08% of Capital Group Dividend Value ETF worth $20,924,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Pflug Koory LLC purchased a new stake in shares of Capital Group Dividend Value ETF during the 4th quarter worth about $25,000. Bay Harbor Wealth Management LLC purchased a new stake in shares of Capital Group Dividend Value ETF during the 4th quarter worth about $32,000. Tucker Asset Management LLC purchased a new stake in shares of Capital Group Dividend Value ETF during the 4th quarter worth about $32,000. Triumph Capital Management purchased a new stake in shares of Capital Group Dividend Value ETF during the 3rd quarter worth about $32,000. Finally, CoreCap Advisors LLC boosted its stake in shares of Capital Group Dividend Value ETF by 93.8% during the 4th quarter. CoreCap Advisors LLC now owns 849 shares of the company’s stock worth $37,000 after acquiring an additional 411 shares in the last quarter.

Capital Group Dividend Value ETF Stock Down 0.8%

CGDV stock opened at $47.30 on Wednesday. The company’s 50-day simple moving average is $44.92 and its 200-day simple moving average is $44.38. Capital Group Dividend Value ETF has a 52-week low of $36.10 and a 52-week high of $48.49. The firm has a market cap of $34.11 billion, a P/E 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.