M.E. Allison & CO. Inc. Increases Stock Position in Capital Group Dividend Value ETF $CGDV

M.E. Allison & CO. Inc. boosted its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 7.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 149,649 shares of the company’s stock after purchasing an additional 10,390 shares during the quarter. Capital Group Dividend Value ETF comprises about 4.2% of M.E. Allison & CO. Inc.’s holdings, making the stock its 2nd biggest holding. M.E. Allison & CO. Inc.’s holdings in Capital Group Dividend Value ETF were worth $7,375,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CGDV. CoreCap Advisors LLC lifted its stake in shares of Capital Group Dividend Value ETF by 19.5% in the second quarter. CoreCap Advisors LLC now owns 1,338 shares of the company’s stock worth $66,000 after buying an additional 218 shares in the last quarter. Berger Financial Group Inc grew its holdings in shares of Capital Group Dividend Value ETF by 3.1% during the first quarter. Berger Financial Group Inc now owns 7,519 shares of the company’s stock valued at $320,000 after buying an additional 224 shares during the last quarter. Clark Capital Management Group Inc. increased its position in shares of Capital Group Dividend Value ETF by 2.4% during the third quarter. Clark Capital Management Group Inc. now owns 9,984 shares of the company’s stock valued at $420,000 after acquiring an additional 238 shares in the last quarter. Cim LLC increased its position in shares of Capital Group Dividend Value ETF by 2.3% during the third quarter. Cim LLC now owns 11,280 shares of the company’s stock valued at $474,000 after acquiring an additional 250 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Capital Group Dividend Value ETF by 1.7% during the second quarter. Ameriprise Financial Inc. now owns 16,080 shares of the company’s stock valued at $635,000 after acquiring an additional 263 shares in the last quarter.

Capital Group Dividend Value ETF Trading Up 0.0%

CGDV stock opened at $51.09 on Thursday. The stock has a market capitalization of $38.75 billion, a PE ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 12-month low of $40.22 and a 12-month high of $51.49. The stock’s 50 day simple moving average is $48.93 and its 200 day simple moving average is $46.50.

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.