IFG Advisory LLC Buys 40,357 Shares of Capital Group Dividend Value ETF $CGDV

IFG Advisory LLC raised its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 26.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 190,107 shares of the company’s stock after purchasing an additional 40,357 shares during the quarter. IFG Advisory LLC’s holdings in Capital Group Dividend Value ETF were worth $8,296,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pflug Koory LLC bought a new position in Capital Group Dividend Value ETF during the 4th quarter valued at about $25,000. Bay Harbor Wealth Management LLC bought a new position in Capital Group Dividend Value ETF during the 4th quarter valued at about $32,000. Tucker Asset Management LLC bought a new position in Capital Group Dividend Value ETF during the 4th quarter valued at about $32,000. Triumph Capital Management bought a new position in Capital Group Dividend Value ETF during the 3rd quarter valued at about $32,000. Finally, CoreCap Advisors LLC lifted its stake in Capital Group Dividend Value ETF by 93.8% during the 4th quarter. CoreCap Advisors LLC now owns 849 shares of the company’s stock valued at $37,000 after acquiring an additional 411 shares during the period.

Capital Group Dividend Value ETF Stock Performance

CGDV opened at $48.25 on Thursday. The stock has a market capitalization of $34.80 billion, a P/E ratio of 26.59 and a beta of 0.89. The company’s 50-day simple moving average is $45.39 and its two-hundred day simple moving average is $44.61. Capital Group Dividend Value ETF has a 52-week low of $36.72 and a 52-week high of $48.49.

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.