Smith Thornton Advisors LLC increased its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV – Free Report) by 6.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 254,612 shares of the company’s stock after buying an additional 16,427 shares during the quarter. Capital Group Dividend Value ETF comprises approximately 5.5% of Smith Thornton Advisors LLC’s investment portfolio, making the stock its 4th biggest position. Smith Thornton Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $12,491,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in CGDV. LPL Financial LLC raised its holdings in 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 valued at $2,770,731,000 after acquiring an additional 10,904,954 shares in the last quarter. Axxcess Wealth Management LLC grew its holdings in shares of Capital Group Dividend Value ETF by 448.9% during the 4th quarter. Axxcess Wealth Management LLC now owns 3,520,015 shares of the company’s stock worth $153,613,000 after purchasing an additional 2,878,723 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of Capital Group Dividend Value ETF by 14.3% in the third quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock worth $929,942,000 after purchasing an additional 2,772,053 shares during the period. Wells Fargo & Company MN increased its position in shares of Capital Group Dividend Value ETF by 20.1% in the fourth quarter. Wells Fargo & Company MN now owns 16,311,223 shares of the company’s stock worth $711,822,000 after purchasing an additional 2,729,408 shares during the period. Finally, Bank of America Corp DE raised its stake in Capital Group Dividend Value ETF by 20.4% in 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 purchasing an additional 2,688,496 shares in the last quarter.
Capital Group Dividend Value ETF Stock Up 0.2%
CGDV stock opened at $51.25 on Thursday. Capital Group Dividend Value ETF has a 52 week low of $40.64 and a 52 week high of $51.49. The business has a 50-day simple moving average of $49.18 and a 200 day simple moving average of $46.74. The company has a market cap of $38.87 billion, a PE 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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