Kaizen Financial Strategies lowered its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV – Free Report) by 8.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 277,840 shares of the company’s stock after selling 27,086 shares during the period. Capital Group Dividend Value ETF makes up approximately 5.5% of Kaizen Financial Strategies’ portfolio, making the stock its 4th biggest holding. Kaizen Financial Strategies’ holdings in Capital Group Dividend Value ETF were worth $12,611,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. LPL Financial LLC grew its stake in shares of Capital Group Dividend Value ETF by 20.7% during the 4th quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock valued at $2,770,731,000 after buying an additional 10,904,954 shares during the period. Raymond James Financial Inc. boosted its holdings in 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 acquiring an additional 1,465,566 shares during the last quarter. Capital International Investors grew its position in Capital Group Dividend Value ETF by 1.8% during the fourth quarter. Capital International Investors now owns 22,899,119 shares of the company’s stock valued at $999,318,000 after acquiring an additional 397,762 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Capital Group Dividend Value ETF by 12.3% during 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 acquiring an additional 2,061,385 shares during the period. Finally, Cetera Investment Advisers increased its stake in Capital Group Dividend Value ETF by 14.5% during the fourth quarter. Cetera Investment Advisers now owns 16,399,426 shares of the company’s stock worth $715,671,000 after acquiring an additional 2,082,860 shares during the last quarter.
Capital Group Dividend Value ETF Trading Up 0.7%
Shares of Capital Group Dividend Value ETF stock traded up $0.36 during trading hours on Friday, reaching $49.50. The stock had a trading volume of 3,411,637 shares, compared to its average volume of 4,542,946. The firm has a market capitalization of $36.89 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 1 year low of $39.87 and a 1 year high of $49.55. The firm has a 50 day simple moving average of $48.32 and a two-hundred day simple moving average of $45.83.
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.
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