Wealthcare Advisory Partners LLC cut its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV – Free Report) by 3.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,259,466 shares of the company’s stock after selling 46,243 shares during the quarter. Capital Group Dividend Value ETF comprises 1.2% of Wealthcare Advisory Partners LLC’s investment portfolio, making the stock its 14th largest holding. Wealthcare Advisory Partners LLC’s holdings in Capital Group Dividend Value ETF were worth $62,067,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. AQR Capital Management LLC acquired a new position in Capital Group Dividend Value ETF during the 1st quarter valued at $236,000. Franklin Resources Inc. acquired a new stake in Capital Group Dividend Value ETF in the 2nd quarter worth $226,000. Russell Investments Group Ltd. grew its position in Capital Group Dividend Value ETF by 24.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,638 shares of the company’s stock worth $183,000 after purchasing an additional 925 shares during the last quarter. Brown Advisory Inc. increased its holdings in shares of Capital Group Dividend Value ETF by 22.7% during the 2nd quarter. Brown Advisory Inc. now owns 22,270 shares of the company’s stock worth $879,000 after purchasing an additional 4,118 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of Capital Group Dividend Value ETF by 21.1% during the 2nd quarter. Sei Investments Co. now owns 1,169,992 shares of the company’s stock worth $46,203,000 after purchasing an additional 203,772 shares during the period.
Capital Group Dividend Value ETF Stock Performance
Shares of CGDV opened at $51.21 on Tuesday. The company has a 50-day simple moving average of $49.08 and a 200-day simple moving average of $46.65. The firm has a market capitalization of $38.84 billion, a P/E ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 52 week low of $40.45 and a 52 week high of $51.49.
Capital Group Dividend Value ETF Company 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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