NewEdge Wealth LLC Takes $1.09 Million Position in Capital Group Dividend Value ETF $CGDV

NewEdge Wealth LLC bought a new position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 25,592 shares of the company’s stock, valued at approximately $1,089,000.

Other institutional investors have also modified their holdings of the company. Summit Global Investments boosted its holdings in Capital Group Dividend Value ETF by 4.4% in the first quarter. Summit Global Investments now owns 41,333 shares of the company’s stock valued at $1,758,000 after purchasing an additional 1,734 shares during the last quarter. Hopwood Financial Services Inc. raised its position in shares of Capital Group Dividend Value ETF by 14.4% in the 1st quarter. Hopwood Financial Services Inc. now owns 41,425 shares of the company’s stock valued at $1,762,000 after purchasing an additional 5,218 shares in the last quarter. Florida Financial Advisors LLC boosted its stake in shares of Capital Group Dividend Value ETF by 54.1% during the 1st quarter. Florida Financial Advisors LLC now owns 13,624 shares of the company’s stock valued at $580,000 after buying an additional 4,782 shares during the last quarter. Carson Advisory Inc. boosted its stake in shares of Capital Group Dividend Value ETF by 1.8% during the 1st quarter. Carson Advisory Inc. now owns 83,325 shares of the company’s stock valued at $3,545,000 after buying an additional 1,443 shares during the last quarter. Finally, World Equity Group Inc. grew its position in shares of Capital Group Dividend Value ETF by 103.8% during the first quarter. World Equity Group Inc. now owns 14,312 shares of the company’s stock worth $609,000 after buying an additional 7,290 shares in the last quarter.

Capital Group Dividend Value ETF Trading Up 0.2%

CGDV stock opened at $48.96 on Tuesday. The firm has a 50 day simple moving average of $48.66 and a 200-day simple moving average of $46.23. The company has a market capitalization of $37.23 billion, a P/E ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a twelve month low of $39.87 and a twelve month high of $49.55.

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.