SteelPeak Wealth LLC lessened its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV – Free Report) by 67.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 10,201 shares of the company’s stock after selling 21,094 shares during the quarter. SteelPeak Wealth LLC’s holdings in Capital Group Dividend Value ETF were worth $435,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pflug Koory LLC purchased a new stake in shares of Capital Group Dividend Value ETF in the fourth quarter valued at $25,000. Triumph Capital Management purchased a new position in shares of Capital Group Dividend Value ETF during the third quarter valued at $32,000. Bay Harbor Wealth Management LLC purchased a new position in shares of Capital Group Dividend Value ETF during the fourth quarter valued at $32,000. Tucker Asset Management LLC purchased a new position in shares of Capital Group Dividend Value ETF during the fourth quarter valued at $32,000. Finally, Flagship Wealth Advisors LLC acquired a new position in Capital Group Dividend Value ETF during the fourth quarter valued at $32,000.
Capital Group Dividend Value ETF Trading Down 0.9%
Shares of Capital Group Dividend Value ETF stock opened at $48.79 on Friday. The stock has a 50-day moving average price of $48.53 and a 200 day moving average price of $46.01. The company has a market cap of $36.51 billion, a P/E 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.
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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Want to see what other hedge funds are holding CGDV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital Group Dividend Value ETF (NYSEARCA:CGDV – Free Report).
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