Convergence Financial LLC Has $6.56 Million Position in Capital Group Dividend Value ETF $CGDV

Convergence Financial LLC boosted its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 10.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 150,289 shares of the company’s stock after buying an additional 14,468 shares during the period. Capital Group Dividend Value ETF makes up about 1.0% of Convergence Financial LLC’s investment portfolio, making the stock its 27th biggest position. Convergence Financial LLC’s holdings in Capital Group Dividend Value ETF were worth $6,559,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Raymond James Financial Inc. lifted its holdings 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 buying an additional 2,772,053 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings 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 buying an additional 2,061,385 shares during the period. Bank of America Corp DE lifted its holdings 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 buying an additional 2,688,496 shares during the period. Advance Capital Management Inc. raised its holdings 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 worth $438,636,000 after purchasing an additional 231,646 shares during the period. Finally, Capital Group Private Client Services Inc. raised its holdings in Capital Group Dividend Value ETF by 9.0% in the third quarter. Capital Group Private Client Services Inc. now owns 9,460,048 shares of the company’s stock worth $397,606,000 after purchasing an additional 780,453 shares during the period.

Capital Group Dividend Value ETF Stock Performance

CGDV opened at $49.03 on Friday. The firm’s fifty day moving average is $46.07 and its two-hundred day moving average is $44.85. The firm 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 twelve month low of $37.74 and a twelve month 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.