Thrivent Financial for Lutherans Invests $1.91 Million in Capital Group Dividend Value ETF $CGDV

Thrivent Financial for Lutherans acquired a new position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 43,660 shares of the company’s stock, valued at approximately $1,905,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Lincoln Capital LLC raised its holdings in Capital Group Dividend Value ETF by 1.4% during the third quarter. Lincoln Capital LLC now owns 16,640 shares of the company’s stock worth $705,000 after acquiring an additional 235 shares in the last quarter. Clark Capital Management Group Inc. raised its holdings 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 holdings 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 raised its holdings in 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 in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in 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 in the last quarter.

Capital Group Dividend Value ETF Stock Performance

CGDV opened at $48.20 on Wednesday. Capital Group Dividend Value ETF has a 52-week low of $36.68 and a 52-week high of $48.49. The firm has a market capitalization of $34.76 billion, a PE ratio of 26.59 and a beta of 0.89. The business’s 50-day simple moving average is $45.30 and its 200 day simple moving average is $44.57.

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.