Founders Financial Securities LLC Acquires 43,342 Shares of Capital Group Dividend Value ETF $CGDV

Founders Financial Securities LLC boosted its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 19.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 264,834 shares of the company’s stock after acquiring an additional 43,342 shares during the period. Founders Financial Securities LLC’s holdings in Capital Group Dividend Value ETF were worth $11,557,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pflug Koory LLC bought a new stake in shares of Capital Group Dividend Value ETF in the fourth quarter valued at about $25,000. Triumph Capital Management bought a new stake in shares of Capital Group Dividend Value ETF in the third quarter valued at about $32,000. Bay Harbor Wealth Management LLC bought a new stake in shares of Capital Group Dividend Value ETF in the fourth quarter valued at about $32,000. Tucker Asset Management LLC bought a new stake in shares of Capital Group Dividend Value ETF in the fourth quarter valued at about $32,000. Finally, CoreCap Advisors LLC lifted its holdings in shares of Capital Group Dividend Value ETF by 93.8% in the fourth quarter. CoreCap Advisors LLC now owns 849 shares of the company’s stock valued at $37,000 after purchasing an additional 411 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of Capital Group Dividend Value ETF stock opened at $48.51 on Friday. The firm has a market cap of $34.99 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The stock’s 50-day moving average is $45.59 and its 200-day moving average is $44.68. Capital Group Dividend Value ETF has a one year low of $36.72 and a one year high of $48.59.

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.