&PARTNERS Grows Stake in Capital Group Dividend Value ETF $CGDV

&PARTNERS increased its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 48.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,379,691 shares of the company’s stock after purchasing an additional 772,375 shares during the quarter. Capital Group Dividend Value ETF accounts for 0.5% of &PARTNERS’s investment portfolio, making the stock its 26th biggest holding. &PARTNERS’s holdings in Capital Group Dividend Value ETF were worth $103,752,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CGDV. LPL Financial LLC raised its stake in shares of Capital Group Dividend Value ETF by 20.7% during the 4th quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock worth $2,770,731,000 after buying an additional 10,904,954 shares during the last quarter. Capital International Investors raised its position in Capital Group Dividend Value ETF by 1.8% during the fourth quarter. Capital International Investors now owns 22,899,119 shares of the company’s stock worth $999,318,000 after acquiring an additional 397,762 shares during the last quarter. Raymond James Financial Inc. raised its position in 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 during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of 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 purchasing an additional 2,061,385 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Capital Group Dividend Value ETF by 20.1% in the fourth quarter. Wells Fargo & Company MN now owns 16,311,223 shares of the company’s stock valued at $711,822,000 after purchasing an additional 2,729,408 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of CGDV opened at $49.02 on Wednesday. The firm has a 50 day simple moving average of $47.00 and a 200-day simple moving average of $45.17. Capital Group Dividend Value ETF has a 1-year low of $38.00 and a 1-year high of $49.43. The stock has a market cap of $35.35 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Company 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.