JPMorgan Chase & Co. Boosts Stock Holdings in Capital Group Dividend Value ETF $CGDV

JPMorgan Chase & Co. raised its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 42.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 282,103 shares of the company’s stock after purchasing an additional 83,790 shares during the quarter. JPMorgan Chase & Co.’s holdings in Capital Group Dividend Value ETF were worth $11,857,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Raymond James Financial Inc. raised its position in shares of Capital Group Dividend Value ETF by 14.3% in the 3rd quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock worth $929,942,000 after buying an additional 2,772,053 shares during the period. Bank of America Corp DE boosted its holdings 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 acquiring an additional 2,688,496 shares during the last quarter. Jones Financial Companies Lllp grew its position in Capital Group Dividend Value ETF by 39.1% during the third quarter. Jones Financial Companies Lllp now owns 7,854,486 shares of the company’s stock valued at $328,634,000 after acquiring an additional 2,208,093 shares during the period. Mainstay Capital Management LLC ADV acquired a new stake in Capital Group Dividend Value ETF during the third quarter worth about $70,987,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Capital Group Dividend Value ETF by 10.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 15,328,061 shares of the company’s stock worth $605,305,000 after acquiring an additional 1,496,823 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Capital Group Dividend Value ETF stock opened at $41.70 on Friday. The company has a market cap of $26.63 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 12 month low of $30.94 and a 12 month high of $46.01. The stock’s 50-day moving average is $44.57 and its 200-day moving average is $43.52.

Capital Group Dividend Value ETF Company 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.