RM Financial Services LLC bought a new stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 106,414 shares of the company’s stock, valued at approximately $4,644,000. Capital Group Dividend Value ETF accounts for about 4.1% of RM Financial Services LLC’s investment portfolio, making the stock its 7th largest position.
Several other hedge funds also recently added to or reduced their stakes in CGDV. AQR Capital Management LLC acquired a new stake in Capital Group Dividend Value ETF during the 1st quarter worth about $236,000. Franklin Resources Inc. purchased a new stake in shares of Capital Group Dividend Value ETF in the second quarter worth about $226,000. Russell Investments Group Ltd. grew its holdings in Capital Group Dividend Value ETF by 24.9% during the second 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 period. Brown Advisory Inc. raised its position in Capital Group Dividend Value ETF by 22.7% during the second quarter. Brown Advisory Inc. now owns 22,270 shares of the company’s stock valued at $879,000 after acquiring an additional 4,118 shares in the last quarter. Finally, Sei Investments Co. raised its position in Capital Group Dividend Value ETF by 21.1% during 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 in the last quarter.
Capital Group Dividend Value ETF Trading Down 1.8%
Shares of NYSEARCA:CGDV opened at $47.27 on Thursday. Capital Group Dividend Value ETF has a 12-month low of $38.00 and a 12-month high of $49.10. The business has a 50 day moving average of $46.51 and a two-hundred day moving average of $45.01. The company has a market capitalization of $34.09 billion, a PE ratio of 26.59 and a beta of 0.89.
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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