BetterWealth LLC Grows Stock Holdings in Capital Group Dividend Value ETF $CGDV

BetterWealth LLC lifted its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 5.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 235,393 shares of the company’s stock after buying an additional 12,184 shares during the period. Capital Group Dividend Value ETF comprises approximately 2.3% of BetterWealth LLC’s holdings, making the stock its 10th largest holding. BetterWealth LLC’s holdings in Capital Group Dividend Value ETF were worth $10,273,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CGDV. Lincoln Capital LLC boosted its stake in Capital Group Dividend Value ETF by 1.4% in the 3rd quarter. Lincoln Capital LLC now owns 16,640 shares of the company’s stock valued at $705,000 after buying an additional 235 shares in the last quarter. Clark Capital Management Group Inc. raised its stake in 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 worth $420,000 after acquiring an additional 238 shares in the last quarter. Cim LLC raised its stake in Capital Group Dividend Value ETF by 2.3% during the third quarter. Cim LLC now owns 11,280 shares of the company’s stock worth $474,000 after acquiring an additional 250 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its holdings in shares of Capital Group Dividend Value ETF by 2.0% during the third quarter. GPS Wealth Strategies Group LLC now owns 13,083 shares of the company’s stock valued at $550,000 after acquiring an additional 252 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings 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 during the period.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA:CGDV opened at $42.79 on Thursday. The company’s fifty day moving average is $44.46 and its 200-day moving average is $43.54. Capital Group Dividend Value ETF has a 52 week low of $30.94 and a 52 week high of $46.01. The company has a market capitalization of $27.33 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.