Private Advisor Group LLC Raises Position in Capital Group Dividend Value ETF $CGDV

Private Advisor Group LLC grew its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 6.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,751,433 shares of the company’s stock after purchasing an additional 240,226 shares during the period. Capital Group Dividend Value ETF makes up about 0.7% of Private Advisor Group LLC’s portfolio, making the stock its 20th biggest position. Private Advisor Group LLC owned about 0.54% of Capital Group Dividend Value ETF worth $159,586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pflug Koory LLC purchased a new stake in Capital Group Dividend Value ETF during the 4th quarter valued at $25,000. Triumph Capital Management purchased a new position in Capital Group Dividend Value ETF during the third quarter worth $32,000. Bay Harbor Wealth Management LLC purchased a new position in Capital Group Dividend Value ETF during the fourth quarter worth $32,000. Tucker Asset Management LLC bought a new position in Capital Group Dividend Value ETF during the fourth quarter valued at $32,000. Finally, Flagship Wealth Advisors LLC bought a new position in Capital Group Dividend Value ETF during the fourth quarter valued at $32,000.

Capital Group Dividend Value ETF Trading Down 0.3%

Shares of CGDV opened at $48.95 on Friday. Capital Group Dividend Value ETF has a twelve month low of $39.76 and a twelve month high of $49.44. The company has a market cap of $36.43 billion, a P/E ratio of 26.59 and a beta of 0.88. The company’s fifty day simple moving average is $47.95 and its 200-day simple moving average is $45.61.

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.