Axxcess Wealth Management LLC Buys 62,711 Shares of Capital Group Dividend Value ETF $CGDV

Axxcess Wealth Management LLC grew its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 9.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 704,003 shares of the company’s stock after acquiring an additional 62,711 shares during the period. Axxcess Wealth Management LLC’s holdings in Capital Group Dividend Value ETF were worth $30,723,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CGDV. Birchwood Financial Partners Inc. bought a new position in shares of Capital Group Dividend Value ETF in the fourth quarter valued at approximately $839,000. Corient Private Wealth LLC bought a new stake in Capital Group Dividend Value ETF during the 4th quarter worth approximately $353,000. Royal Harbor Partners LLC lifted its stake in Capital Group Dividend Value ETF by 1.0% in the 4th quarter. Royal Harbor Partners LLC now owns 637,867 shares of the company’s stock worth $27,837,000 after purchasing an additional 6,505 shares in the last quarter. Widmann Financial Services Inc. lifted its stake in Capital Group Dividend Value ETF by 37.0% in the 4th quarter. Widmann Financial Services Inc. now owns 46,476 shares of the company’s stock worth $2,028,000 after purchasing an additional 12,547 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its stake in Capital Group Dividend Value ETF by 60.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 19,994 shares of the company’s stock worth $873,000 after purchasing an additional 7,536 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA:CGDV opened at $48.99 on Friday. The firm has a fifty day moving average price of $47.23 and a two-hundred day moving average price of $45.24. Capital Group Dividend Value ETF has a one year low of $38.00 and a one year high of $49.43. The company has a market cap of $35.33 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89.

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.