Accel Wealth Management Has $5.95 Million Stock Position in Capital Group Dividend Value ETF $CGDV

Accel Wealth Management lifted its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 12.0% during the 4th quarter, Holdings Channel reports. The firm owned 136,266 shares of the company’s stock after acquiring an additional 14,599 shares during the period. Capital Group Dividend Value ETF makes up 1.6% of Accel Wealth Management’s holdings, making the stock its 13th biggest holding. Accel Wealth Management’s holdings in Capital Group Dividend Value ETF were worth $5,947,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Raymond James Financial Inc. boosted its holdings in Capital Group Dividend Value ETF by 14.3% during the third quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock worth $929,942,000 after buying an additional 2,772,053 shares during the last quarter. Bank of America Corp DE raised its position in shares of Capital Group Dividend Value ETF by 20.4% in the 3rd quarter. Bank of America Corp DE now owns 15,868,443 shares of the company’s stock valued at $666,951,000 after acquiring an additional 2,688,496 shares during the period. Jones Financial Companies Lllp raised its position in shares of Capital Group Dividend Value ETF by 39.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 7,854,486 shares of the company’s stock valued at $328,634,000 after acquiring an additional 2,208,093 shares during the period. Mainstay Capital Management LLC ADV bought a new position in Capital Group Dividend Value ETF during the 3rd quarter worth approximately $70,987,000. Finally, Merit Financial Group LLC boosted its stake in Capital Group Dividend Value ETF by 465.5% during the 3rd quarter. Merit Financial Group LLC now owns 1,690,161 shares of the company’s stock worth $71,037,000 after acquiring an additional 1,391,257 shares during the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA CGDV opened at $42.69 on Friday. Capital Group Dividend Value ETF has a 52-week low of $30.94 and a 52-week high of $46.01. The stock has a market cap of $28.98 billion, a P/E ratio of 26.59 and a beta of 0.89. The firm has a 50 day moving average price of $44.39 and a 200 day moving average price of $43.55.

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.