Cullen Frost Bankers Inc. Raises Stake in Capital Group Dividend Value ETF $CGDV

Cullen Frost Bankers Inc. grew its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 19.6% in the fourth quarter, Holdings Channel reports. The firm owned 115,000 shares of the company’s stock after acquiring an additional 18,817 shares during the period. Cullen Frost Bankers Inc.’s holdings in Capital Group Dividend Value ETF were worth $5,019,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Raymond James Financial Inc. boosted its stake in shares of Capital Group Dividend Value ETF by 14.3% during the third quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock valued at $929,942,000 after purchasing an additional 2,772,053 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Capital Group Dividend Value ETF by 4.0% during the third quarter. Envestnet Asset Management Inc. now owns 17,388,906 shares of the company’s stock valued at $730,856,000 after purchasing an additional 668,214 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Capital Group Dividend Value ETF by 8.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 16,693,552 shares of the company’s stock valued at $701,630,000 after purchasing an additional 1,365,491 shares during the period. Bank of America Corp DE boosted its stake in shares of 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 valued at $666,951,000 after purchasing an additional 2,688,496 shares during the period. Finally, Advance Capital Management Inc. boosted its stake in shares of Capital Group Dividend Value ETF by 2.4% during the fourth quarter. Advance Capital Management Inc. now owns 10,051,233 shares of the company’s stock valued at $438,636,000 after purchasing an additional 231,646 shares during the period.

Capital Group Dividend Value ETF Price Performance

CGDV stock opened at $47.73 on Thursday. The business has a 50-day moving average price of $44.99 and a 200 day moving average price of $44.42. The company has a market capitalization of $34.42 billion, a P/E ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 1-year low of $36.10 and a 1-year high of $48.49.

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.