25,592 Shares in Capital Group Dividend Value ETF $CGDV Bought by NewEdge Wealth LLC

NewEdge Wealth LLC purchased a new stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 25,592 shares of the company’s stock, valued at approximately $1,089,000.

Several other hedge funds also recently added to or reduced their stakes in CGDV. Pflug Koory LLC purchased a new stake in shares of Capital Group Dividend Value ETF during the 4th quarter valued at about $25,000. Triumph Capital Management purchased a new position in Capital Group Dividend Value ETF in the 3rd quarter worth approximately $32,000. Bay Harbor Wealth Management LLC acquired a new stake in Capital Group Dividend Value ETF in the fourth quarter valued at approximately $32,000. Tucker Asset Management LLC acquired a new stake in Capital Group Dividend Value ETF in the fourth quarter valued at approximately $32,000. Finally, Flagship Wealth Advisors LLC acquired a new stake in Capital Group Dividend Value ETF in the fourth quarter valued at approximately $32,000.

Capital Group Dividend Value ETF Stock Up 0.2%

CGDV opened at $48.96 on Tuesday. The firm’s 50 day moving average is $48.66 and its 200-day moving average is $46.23. Capital Group Dividend Value ETF has a 52-week low of $39.87 and a 52-week high of $49.55. The firm has a market capitalization of $37.23 billion, a P/E ratio of 26.59 and a beta of 0.88.

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.