BNB Wealth Management LLC Purchases New Stake in Capital Group Dividend Value ETF $CGDV

BNB Wealth Management LLC purchased a new stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 139,154 shares of the company’s stock, valued at approximately $6,073,000. Capital Group Dividend Value ETF comprises 3.9% of BNB Wealth Management LLC’s portfolio, making the stock its 4th largest holding.

Several other hedge funds have also added to or reduced their stakes in CGDV. LPL Financial LLC boosted its holdings in Capital Group Dividend Value ETF by 20.7% during the fourth 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 boosted its holdings 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 buying an additional 397,762 shares during the last quarter. Raymond James Financial Inc. boosted its holdings 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 buying an additional 2,772,053 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in 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 buying an additional 2,061,385 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in Capital Group Dividend Value ETF by 14.5% during the fourth quarter. Cetera Investment Advisers now owns 16,399,426 shares of the company’s stock worth $715,671,000 after buying an additional 2,082,860 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

NYSEARCA CGDV opened at $48.49 on Thursday. The firm has a market cap of $34.97 billion, a P/E ratio of 26.59 and a beta of 0.89. The stock’s 50-day moving average is $47.11 and its 200-day moving average is $45.20. Capital Group Dividend Value ETF has a one year low of $38.00 and a one year high of $49.43.

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.