World Investment Advisors Boosts Stock Position in Capital Group Dividend Value ETF $CGDV

World Investment Advisors grew its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDVFree Report) by 6.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 307,514 shares of the company’s stock after acquiring an additional 19,377 shares during the quarter. World Investment Advisors’ holdings in Capital Group Dividend Value ETF were worth $13,082,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CGDV. LPL Financial LLC raised its position in shares of Capital Group Dividend Value ETF by 20.7% in the 4th quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock worth $2,770,731,000 after purchasing an additional 10,904,954 shares during the last quarter. Axxcess Wealth Management LLC grew its holdings in shares of Capital Group Dividend Value ETF by 448.9% during the fourth quarter. Axxcess Wealth Management LLC now owns 3,520,015 shares of the company’s stock valued at $153,613,000 after buying an additional 2,878,723 shares during the last quarter. Raymond James Financial Inc. grew its holdings in shares of Capital Group Dividend Value ETF by 14.3% during the third quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock valued at $929,942,000 after buying an additional 2,772,053 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Capital Group Dividend Value ETF by 20.1% during the fourth quarter. Wells Fargo & Company MN now owns 16,311,223 shares of the company’s stock valued at $711,822,000 after acquiring an additional 2,729,408 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Capital Group Dividend Value ETF by 20.4% during the third quarter. Bank of America Corp DE now owns 15,868,443 shares of the company’s stock valued at $666,951,000 after acquiring an additional 2,688,496 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

CGDV stock opened at $48.95 on Friday. The stock has a market capitalization of $36.43 billion, a PE ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 12-month low of $39.76 and a 12-month high of $49.44. The stock’s 50 day simple moving average is $48.01 and its 200 day simple moving average is $45.63.

About Capital Group Dividend Value ETF

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Capital Group Dividend Value ETF (NYSEARCA:CGDV)

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