Ruggaard & Associates LLC lessened its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV – Free Report) by 9.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 338,707 shares of the company’s stock after selling 35,300 shares during the period. Capital Group Dividend Value ETF makes up approximately 5.8% of Ruggaard & Associates LLC’s portfolio, making the stock its 2nd biggest holding. Ruggaard & Associates LLC’s holdings in Capital Group Dividend Value ETF were worth $14,781,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Pflug Koory LLC bought a new stake in Capital Group Dividend Value ETF in the fourth quarter worth about $25,000. Flagship Wealth Advisors LLC purchased a new position in Capital Group Dividend Value ETF in the fourth quarter valued at about $32,000. Bay Harbor Wealth Management LLC bought a new position in shares of Capital Group Dividend Value ETF during the 4th quarter valued at approximately $32,000. Tucker Asset Management LLC bought a new position in shares of Capital Group Dividend Value ETF during the 4th quarter valued at approximately $32,000. Finally, Triumph Capital Management purchased a new stake in shares of Capital Group Dividend Value ETF during the 3rd quarter worth approximately $32,000.
Capital Group Dividend Value ETF Trading Up 1.0%
NYSEARCA:CGDV opened at $48.99 on Friday. The stock has a market capitalization of $35.33 billion, a PE ratio of 26.59 and a beta of 0.89. The firm’s 50 day moving average is $47.23 and its 200 day moving average is $45.24. Capital Group Dividend Value ETF has a 12 month low of $38.00 and a 12 month high of $49.43.
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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