Harbour Investments Inc. raised its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV – Free Report) by 18.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 752,076 shares of the company’s stock after purchasing an additional 114,774 shares during the period. Capital Group Dividend Value ETF accounts for about 0.7% of Harbour Investments Inc.’s holdings, making the stock its 27th biggest position. Harbour Investments Inc.’s holdings in Capital Group Dividend Value ETF were worth $32,821,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in CGDV. Axxcess Wealth Management LLC increased its stake in Capital Group Dividend Value ETF by 448.9% in the fourth quarter. Axxcess Wealth Management LLC now owns 3,520,015 shares of the company’s stock valued at $153,613,000 after purchasing an additional 2,878,723 shares during the last quarter. Raymond James Financial Inc. increased its stake in Capital Group Dividend Value ETF by 14.3% in the third quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock valued at $929,942,000 after purchasing an additional 2,772,053 shares during the last quarter. Bank of America Corp DE increased its stake in Capital Group Dividend Value ETF by 20.4% in the third quarter. Bank of America Corp DE now owns 15,868,443 shares of the company’s stock valued at $666,951,000 after purchasing an additional 2,688,496 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Capital Group Dividend Value ETF by 39.1% in the third quarter. Jones Financial Companies Lllp now owns 7,854,486 shares of the company’s stock valued at $328,634,000 after purchasing an additional 2,208,093 shares during the last quarter. Finally, Mainstay Capital Management LLC ADV purchased a new position in Capital Group Dividend Value ETF in the third quarter valued at approximately $70,987,000.
Capital Group Dividend Value ETF Price Performance
Shares of Capital Group Dividend Value ETF stock opened at $47.98 on Tuesday. The firm has a market capitalization of $34.60 billion, a P/E ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 52 week low of $36.10 and a 52 week high of $48.49. The firm’s 50 day moving average is $45.21 and its two-hundred day moving average is $44.53.
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.
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