Capital Group Dividend Value ETF $CGDV Shares Purchased by IMG Wealth Management Inc.

IMG Wealth Management Inc. lifted its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 6.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 262,904 shares of the company’s stock after purchasing an additional 15,232 shares during the period. Capital Group Dividend Value ETF makes up 7.3% of IMG Wealth Management Inc.’s holdings, making the stock its 2nd biggest holding. IMG Wealth Management Inc.’s holdings in Capital Group Dividend Value ETF were worth $11,473,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Pflug Koory LLC acquired a new position in shares of Capital Group Dividend Value ETF in the fourth quarter valued at approximately $25,000. Triumph Capital Management acquired a new position in shares of Capital Group Dividend Value ETF in the third quarter valued at approximately $32,000. Bay Harbor Wealth Management LLC acquired a new position in shares of Capital Group Dividend Value ETF in the fourth quarter valued at approximately $32,000. CoreCap Advisors LLC grew its holdings in shares of Capital Group Dividend Value ETF by 93.8% in the fourth quarter. CoreCap Advisors LLC now owns 849 shares of the company’s stock valued at $37,000 after purchasing an additional 411 shares in the last quarter. Finally, Huntington National Bank acquired a new position in shares of Capital Group Dividend Value ETF in the third quarter valued at approximately $49,000.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV stock opened at $47.82 on Friday. Capital Group Dividend Value ETF has a fifty-two week low of $36.10 and a fifty-two week high of $48.49. The stock has a market capitalization of $34.49 billion, a P/E ratio of 26.59 and a beta of 0.89. The company has a 50 day moving average price of $44.80 and a 200 day moving average price of $44.31.

About Capital Group Dividend Value ETF

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.