Continuum Advisory LLC Buys 42,604 Shares of Capital Group Dividend Value ETF $CGDV

Continuum Advisory LLC grew its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 936,425 shares of the company’s stock after purchasing an additional 42,604 shares during the period. Capital Group Dividend Value ETF makes up 4.1% of Continuum Advisory LLC’s investment portfolio, making the stock its biggest holding. Continuum Advisory LLC owned about 0.15% of Capital Group Dividend Value ETF worth $40,866,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Axxcess Wealth Management LLC increased its position in shares of Capital Group Dividend Value ETF by 448.9% during the fourth quarter. Axxcess Wealth Management LLC now owns 3,520,015 shares of the company’s stock worth $153,613,000 after acquiring an additional 2,878,723 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of 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 acquiring an additional 2,772,053 shares in the last quarter. Bank of America Corp DE increased its position in shares of Capital Group Dividend Value ETF by 20.4% during the third quarter. Bank of America Corp DE now owns 15,868,443 shares of the company’s stock worth $666,951,000 after acquiring an additional 2,688,496 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Capital Group Dividend Value ETF by 12.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 18,754,937 shares of the company’s stock worth $818,465,000 after acquiring an additional 2,061,385 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV bought a new stake in shares of Capital Group Dividend Value ETF during the third quarter worth about $70,987,000.

Capital Group Dividend Value ETF Price Performance

NYSEARCA:CGDV opened at $49.03 on Friday. The firm has a 50-day moving average of $46.07 and a 200-day moving average of $44.85. The company has a market cap of $35.36 billion, a PE ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a one year low of $37.74 and a one year high of $49.10.

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.