Clarus Group Inc. Takes $581,000 Position in Capital Group Dividend Value ETF $CGDV

Clarus Group Inc. purchased a new position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,320 shares of the company’s stock, valued at approximately $581,000.

Several other hedge funds have also made changes to their positions in CGDV. Lincoln Capital LLC grew its stake in Capital Group Dividend Value ETF by 1.4% during the 3rd quarter. Lincoln Capital LLC now owns 16,640 shares of the company’s stock worth $705,000 after buying an additional 235 shares during the last quarter. Clark Capital Management Group Inc. boosted its holdings 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 during the period. Cim LLC boosted its holdings 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 during the period. GPS Wealth Strategies Group LLC grew its position 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 worth $550,000 after acquiring an additional 252 shares during the last quarter. Finally, Ameriprise Financial Inc. grew 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 worth $635,000 after acquiring an additional 263 shares during the last quarter.

Capital Group Dividend Value ETF Stock Down 0.2%

Shares of NYSEARCA:CGDV opened at $42.69 on Friday. The company has a market cap of $27.26 billion, a PE ratio of 26.59 and a beta of 0.89. The company’s 50-day moving average price is $44.42 and its 200 day moving average price is $43.53. Capital Group Dividend Value ETF has a fifty-two week low of $30.94 and a fifty-two week high of $46.01.

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.