NewEdge Advisors LLC Raises Stock Holdings in Capital Group Dividend Value ETF $CGDV

NewEdge Advisors LLC raised its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 5.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,425,035 shares of the company’s stock after purchasing an additional 73,645 shares during the quarter. NewEdge Advisors LLC owned 0.20% of Capital Group Dividend Value ETF worth $60,621,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. LPL Financial LLC boosted its stake 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 valued at $2,770,731,000 after buying an additional 10,904,954 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of Capital Group Dividend Value ETF by 6.6% in the fourth quarter. Raymond James Financial Inc. now owns 23,591,243 shares of the company’s stock worth $1,029,522,000 after buying an additional 1,465,566 shares during the last quarter. Capital International Investors raised its holdings in Capital Group Dividend Value ETF by 1.8% in the fourth quarter. Capital International Investors now owns 22,899,119 shares of the company’s stock valued at $999,318,000 after acquiring an additional 397,762 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Capital Group Dividend Value ETF by 12.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 18,754,937 shares of the company’s stock valued at $818,465,000 after acquiring an additional 2,061,385 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in Capital Group Dividend Value ETF by 12.0% during the 1st quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock valued at $781,004,000 after acquiring an additional 1,959,868 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of CGDV stock opened at $51.02 on Friday. The firm has a fifty day moving average of $48.98 and a two-hundred day moving average of $46.55. The firm has a market cap of $38.69 billion, a P/E ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 1-year low of $40.22 and a 1-year high of $51.49.

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.