Silver Oak Securities Incorporated Increases Stake in Capital Group Dividend Value ETF $CGDV

Silver Oak Securities Incorporated grew its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 6.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 646,719 shares of the company’s stock after buying an additional 38,754 shares during the quarter. Capital Group Dividend Value ETF comprises approximately 2.0% of Silver Oak Securities Incorporated’s portfolio, making the stock its 5th largest holding. Silver Oak Securities Incorporated’s holdings in Capital Group Dividend Value ETF were worth $27,511,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CGDV. Pflug Koory LLC bought a new stake in Capital Group Dividend Value ETF during the 4th quarter worth about $25,000. Triumph Capital Management acquired a new stake in Capital Group Dividend Value ETF in the 3rd quarter valued at about $32,000. Bay Harbor Wealth Management LLC bought a new position in shares of Capital Group Dividend Value ETF in the fourth quarter worth about $32,000. Tucker Asset Management LLC bought a new position in shares of Capital Group Dividend Value ETF in the fourth quarter worth about $32,000. Finally, Flagship Wealth Advisors LLC bought a new position in shares of Capital Group Dividend Value ETF in the fourth quarter worth about $32,000.

Capital Group Dividend Value ETF Trading Up 0.3%

Shares of CGDV stock opened at $48.50 on Thursday. Capital Group Dividend Value ETF has a 1 year low of $38.81 and a 1 year high of $49.43. The firm’s 50 day moving average is $47.54 and its 200-day moving average is $45.38. The firm has a market capitalization of $34.98 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89.

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.