Private Client Services LLC Acquires 33,386 Shares of Capital Group Dividend Value ETF $CGDV

Private Client Services LLC boosted its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 599.4% in the second quarter, Holdings Channel reports. The institutional investor owned 38,956 shares of the company’s stock after acquiring an additional 33,386 shares during the quarter. Private Client Services LLC’s holdings in Capital Group Dividend Value ETF were worth $1,920,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of CGDV. LPL Financial LLC lifted its position in shares of Capital Group Dividend Value ETF by 20.7% during the fourth quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock worth $2,770,731,000 after acquiring an additional 10,904,954 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of Capital Group Dividend Value ETF by 6.6% in 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 purchasing an additional 1,465,566 shares in the last quarter. Capital International Investors grew its position in shares of Capital Group Dividend Value ETF by 1.8% in the fourth quarter. Capital International Investors now owns 22,899,119 shares of the company’s stock valued at $999,318,000 after purchasing an additional 397,762 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Capital Group Dividend Value ETF by 12.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 18,754,937 shares of the company’s stock valued at $818,465,000 after purchasing an additional 2,061,385 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of Capital Group Dividend Value ETF by 12.0% during the 1st quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock valued at $781,004,000 after purchasing an additional 1,959,868 shares during the period.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV opened at $50.26 on Tuesday. The stock’s 50-day simple moving average is $48.81 and its 200 day simple moving average is $46.41. The stock has a market capitalization of $37.87 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 52-week low of $40.22 and a 52-week high of $50.32.

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.