Modern Wealth Management LLC Sells 156,299 Shares of Capital Group Dividend Value ETF $CGDV

Modern Wealth Management LLC decreased its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 25.5% in the 1st quarter, Holdings Channel reports. The fund owned 455,945 shares of the company’s stock after selling 156,299 shares during the period. Modern Wealth Management LLC’s holdings in Capital Group Dividend Value ETF were worth $19,510,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CGDV. Greenline Wealth Management LLC lifted its holdings in shares of Capital Group Dividend Value ETF by 3.4% in the first quarter. Greenline Wealth Management LLC now owns 143,828 shares of the company’s stock worth $6,118,000 after acquiring an additional 4,783 shares during the last quarter. American Financial Advisors LLC bought a new stake in shares of Capital Group Dividend Value ETF during the 1st quarter valued at approximately $260,000. Sei Investments Co. increased its position in Capital Group Dividend Value ETF by 12.2% during the 1st quarter. Sei Investments Co. now owns 1,842,457 shares of the company’s stock worth $78,378,000 after purchasing an additional 200,755 shares in the last quarter. Cetera Investment Advisers increased its position 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 worth $781,004,000 after purchasing an additional 1,959,868 shares in the last quarter. Finally, Wealthspire Retirement LLC increased its position in Capital Group Dividend Value ETF by 34.9% during the 1st quarter. Wealthspire Retirement LLC now owns 10,542 shares of the company’s stock worth $448,000 after purchasing an additional 2,725 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA:CGDV opened at $48.71 on Friday. Capital Group Dividend Value ETF has a one year low of $39.87 and a one year high of $49.55. The company has a market cap of $36.56 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. The firm has a 50 day simple moving average of $48.61 and a 200 day simple moving average of $46.17.

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.