LongView Wealth Management Acquires 40,478 Shares of Capital Group Dividend Value ETF $CGDV

LongView Wealth Management grew its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 20.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 238,391 shares of the company’s stock after buying an additional 40,478 shares during the quarter. Capital Group Dividend Value ETF accounts for approximately 2.6% of LongView Wealth Management’s holdings, making the stock its 8th biggest holding. LongView Wealth Management’s holdings in Capital Group Dividend Value ETF were worth $10,620,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC bought a new stake in Capital Group Dividend Value ETF in the first quarter valued at about $236,000. Creative Planning boosted its holdings in Capital Group Dividend Value ETF by 12.5% during the second quarter. Creative Planning now owns 33,817 shares of the company’s stock valued at $1,335,000 after purchasing an additional 3,747 shares in the last quarter. Franklin Resources Inc. bought a new stake in shares of Capital Group Dividend Value ETF in the 2nd quarter valued at approximately $226,000. CreativeOne Wealth LLC bought a new stake in shares of Capital Group Dividend Value ETF in the 2nd quarter valued at approximately $203,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of 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 buying an additional 925 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

Capital Group Dividend Value ETF stock opened at $42.35 on Friday. The business has a 50 day simple moving average of $44.63 and a 200 day simple moving average of $43.52. The company has a market capitalization of $27.04 billion, a PE ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a one year low of $30.94 and a one year high of $46.01.

Capital Group Dividend Value ETF 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.