Janney Montgomery Scott LLC Grows Position in Capital Group Dividend Value ETF $CGDV

Janney Montgomery Scott LLC raised its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 12.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,280,394 shares of the company’s stock after acquiring an additional 351,973 shares during the period. Janney Montgomery Scott LLC owned about 0.47% of Capital Group Dividend Value ETF worth $139,548,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in CGDV. LPL Financial LLC lifted its position in shares of Capital Group Dividend Value ETF by 20.7% during the 4th quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock worth $2,770,731,000 after buying an additional 10,904,954 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of Capital Group Dividend Value ETF by 6.6% during the fourth quarter. Raymond James Financial Inc. now owns 23,591,243 shares of the company’s stock valued at $1,029,522,000 after acquiring an additional 1,465,566 shares during the last quarter. Capital International Investors increased its position in shares of Capital Group Dividend Value ETF by 1.8% during the fourth quarter. Capital International Investors now owns 22,899,119 shares of the company’s stock valued at $999,318,000 after acquiring an additional 397,762 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Capital Group Dividend Value ETF by 12.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 18,754,937 shares of the company’s stock worth $818,465,000 after acquiring an additional 2,061,385 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in Capital Group Dividend Value ETF by 14.5% during the fourth quarter. Cetera Investment Advisers now owns 16,399,426 shares of the company’s stock worth $715,671,000 after acquiring an additional 2,082,860 shares during the period.

Capital Group Dividend Value ETF Price Performance

NYSEARCA CGDV opened at $48.49 on Friday. The business’s fifty day moving average is $47.67 and its 200-day moving average is $45.44. Capital Group Dividend Value ETF has a one year low of $39.23 and a one year high of $49.43. The stock has a market capitalization of $34.97 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89.

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.