Independent Financial Group LLC Takes Position in Capital Group Dividend Value ETF $CGDV

Independent Financial Group LLC acquired a new position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 539,302 shares of the company’s stock, valued at approximately $22,942,000. Capital Group Dividend Value ETF comprises about 0.7% of Independent Financial Group LLC’s investment portfolio, making the stock its 14th biggest position. Independent Financial Group LLC owned approximately 0.07% of Capital Group Dividend Value ETF at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Pflug Koory LLC bought a new stake in shares of Capital Group Dividend Value ETF in the 4th quarter valued at about $25,000. Flagship Wealth Advisors LLC acquired a new position in shares of Capital Group Dividend Value ETF in the fourth quarter worth approximately $32,000. Bay Harbor Wealth Management LLC bought a new stake in Capital Group Dividend Value ETF in the fourth quarter valued at approximately $32,000. Tucker Asset Management LLC acquired a new stake in Capital Group Dividend Value ETF during the 4th quarter valued at approximately $32,000. Finally, Triumph Capital Management bought a new position in Capital Group Dividend Value ETF during the 3rd quarter worth approximately $32,000.

Capital Group Dividend Value ETF Stock Performance

NYSEARCA:CGDV opened at $49.24 on Friday. Capital Group Dividend Value ETF has a 52 week low of $39.87 and a 52 week high of $49.55. The firm’s fifty day moving average is $48.50 and its 200-day moving average is $45.99. The firm has a market cap of $36.69 billion, a P/E ratio of 26.59 and a beta of 0.88.

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.