DAVENPORT & Co LLC Has $15.83 Million Stock Position in Capital Group Dividend Value ETF $CGDV

DAVENPORT & Co LLC increased its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 47.0% during the fourth quarter, Holdings Channel reports. The firm owned 362,800 shares of the company’s stock after acquiring an additional 116,006 shares during the period. DAVENPORT & Co LLC’s holdings in Capital Group Dividend Value ETF were worth $15,833,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Harbor Investment Advisory LLC boosted its position in shares of Capital Group Dividend Value ETF by 91.4% during the 3rd quarter. Harbor Investment Advisory LLC now owns 49,925 shares of the company’s stock worth $2,098,000 after acquiring an additional 23,845 shares in the last quarter. Thrivent Financial for Lutherans acquired a new position in Capital Group Dividend Value ETF during the second quarter valued at approximately $1,982,000. Future Financial Wealth Managment LLC acquired a new position in Capital Group Dividend Value ETF during the third quarter valued at approximately $5,649,000. Fermata Advisors LLC lifted its stake in Capital Group Dividend Value ETF by 9.7% during the third quarter. Fermata Advisors LLC now owns 214,171 shares of the company’s stock worth $9,002,000 after purchasing an additional 19,012 shares during the last quarter. Finally, Creative Planning boosted its holdings in shares of Capital Group Dividend Value ETF by 12.5% in the 2nd quarter. Creative Planning now owns 33,817 shares of the company’s stock valued at $1,335,000 after purchasing an additional 3,747 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV stock opened at $43.23 on Thursday. Capital Group Dividend Value ETF has a fifty-two week low of $30.94 and a fifty-two week high of $46.01. The stock’s fifty day moving average price is $44.67 and its two-hundred day moving average price is $43.52. The company has a market cap of $27.61 billion, a PE ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Company 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.