Royal Bank of Canada raised its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV – Free Report) by 19.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,479,465 shares of the company’s stock after buying an additional 1,223,486 shares during the quarter. Royal Bank of Canada owned about 1.04% of Capital Group Dividend Value ETF worth $318,176,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently modified their holdings of CGDV. AQR Capital Management LLC purchased a new stake in Capital Group Dividend Value ETF in the first quarter valued at approximately $236,000. Franklin Resources Inc. bought a new stake in shares of Capital Group Dividend Value ETF during the 2nd quarter worth $226,000. Russell Investments Group Ltd. lifted its holdings in shares of Capital Group Dividend Value ETF by 24.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,638 shares of the company’s stock worth $183,000 after acquiring an additional 925 shares during the last quarter. Brown Advisory Inc. grew its position in Capital Group Dividend Value ETF by 22.7% in the second quarter. Brown Advisory Inc. now owns 22,270 shares of the company’s stock worth $879,000 after acquiring an additional 4,118 shares in the last quarter. Finally, Sei Investments Co. increased its stake in Capital Group Dividend Value ETF by 21.1% in the second quarter. Sei Investments Co. now owns 1,169,992 shares of the company’s stock valued at $46,203,000 after acquiring an additional 203,772 shares during the last quarter.
Capital Group Dividend Value ETF Stock Down 1.4%
NYSEARCA CGDV opened at $48.44 on Thursday. The stock’s 50-day simple moving average is $48.71 and its two-hundred day simple moving average is $46.30. Capital Group Dividend Value ETF has a twelve month low of $39.87 and a twelve month high of $49.55. The company has a market capitalization of $36.45 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88.
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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