Silver Oak Securities Incorporated Increases Holdings in Capital Group Dividend Value ETF $CGDV

Silver Oak Securities Incorporated boosted its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 6.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 646,719 shares of the company’s stock after acquiring an additional 38,754 shares during the quarter. Capital Group Dividend Value ETF accounts for 2.0% of Silver Oak Securities Incorporated’s portfolio, making the stock its 5th largest position. Silver Oak Securities Incorporated owned about 0.09% of Capital Group Dividend Value ETF worth $27,511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. LPL Financial LLC increased its position in shares of Capital Group Dividend Value ETF by 20.7% during the 4th quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock worth $2,770,731,000 after purchasing an additional 10,904,954 shares in the last quarter. Axxcess Wealth Management LLC lifted its holdings in 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 valued at $153,613,000 after purchasing an additional 2,878,723 shares during the last quarter. Raymond James Financial Inc. boosted its position in 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 valued at $929,942,000 after buying an additional 2,772,053 shares in the last quarter. Wells Fargo & Company MN boosted its position in 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 valued at $711,822,000 after buying an additional 2,729,408 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in Capital Group Dividend Value ETF by 20.4% during the third quarter. Bank of America Corp DE now owns 15,868,443 shares of the company’s stock worth $666,951,000 after buying an additional 2,688,496 shares during the last quarter.

Capital Group Dividend Value ETF Trading Up 0.3%

Shares of Capital Group Dividend Value ETF stock opened at $48.50 on Thursday. The stock has a market capitalization of $34.98 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The firm’s 50-day moving average price is $47.54 and its two-hundred day moving average price is $45.38. Capital Group Dividend Value ETF has a 1-year low of $38.81 and a 1-year high of $49.43.

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.