Essex Financial Services Inc. Has $11.29 Million Stake in Capital Group Dividend Value ETF $CGDV

Essex Financial Services Inc. raised its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 9.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 258,693 shares of the company’s stock after acquiring an additional 22,038 shares during the period. Essex Financial Services Inc.’s holdings in Capital Group Dividend Value ETF were worth $11,289,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. grew its stake in Capital Group Dividend Value ETF by 14.3% in the third quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock valued at $929,942,000 after acquiring an additional 2,772,053 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Capital Group Dividend Value ETF by 12.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 18,754,937 shares of the company’s stock valued at $818,465,000 after acquiring an additional 2,061,385 shares during the period. Envestnet Asset Management Inc. grew its stake in Capital Group Dividend Value ETF by 4.0% in the third quarter. Envestnet Asset Management Inc. now owns 17,388,906 shares of the company’s stock valued at $730,856,000 after acquiring an additional 668,214 shares during the period. Bank of America Corp DE grew its stake in Capital Group Dividend Value ETF by 20.4% in the third 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. Finally, Advance Capital Management Inc. grew its stake in Capital Group Dividend Value ETF by 2.4% in the fourth quarter. Advance Capital Management Inc. now owns 10,051,233 shares of the company’s stock valued at $438,636,000 after acquiring an additional 231,646 shares during the period.

Capital Group Dividend Value ETF Trading Up 0.2%

NYSEARCA:CGDV opened at $48.51 on Friday. Capital Group Dividend Value ETF has a 1 year low of $36.72 and a 1 year high of $48.59. The stock has a market cap of $34.99 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The stock has a 50-day moving average price of $45.59 and a two-hundred day moving average price of $44.68.

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.