Genesis Private Wealth LLC raised its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV – Free Report) by 22.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 104,685 shares of the company’s stock after purchasing an additional 19,112 shares during the quarter. Capital Group Dividend Value ETF accounts for about 1.5% of Genesis Private Wealth LLC’s investment portfolio, making the stock its 19th biggest holding. Genesis Private Wealth LLC’s holdings in Capital Group Dividend Value ETF were worth $5,159,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. AQR Capital Management LLC bought a new stake in shares of Capital Group Dividend Value ETF during the first quarter valued at approximately $236,000. Franklin Resources Inc. bought a new position in Capital Group Dividend Value ETF in the 2nd quarter valued at approximately $226,000. Russell Investments Group Ltd. boosted its stake in 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 valued at $183,000 after purchasing an additional 925 shares during the last quarter. Brown Advisory Inc. boosted its stake in 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 valued at $879,000 after purchasing an additional 4,118 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in 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 valued at $46,203,000 after purchasing an additional 203,772 shares during the last quarter.
Capital Group Dividend Value ETF Trading Up 0.2%
Capital Group Dividend Value ETF stock opened at $51.25 on Thursday. Capital Group Dividend Value ETF has a 12 month low of $40.64 and a 12 month high of $51.49. The stock has a fifty day simple moving average of $49.18 and a two-hundred day simple moving average of $46.74. The firm has a market cap of $38.87 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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