Carter Financial LLC Takes $15.87 Million Position in Capital Group Dividend Value ETF $CGDV

Carter Financial LLC bought a new stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 363,751 shares of the company’s stock, valued at approximately $15,874,000. Capital Group Dividend Value ETF comprises about 14.0% of Carter Financial LLC’s investment portfolio, making the stock its 3rd biggest holding.

Several other large investors have also recently added to or reduced their stakes in CGDV. LPL Financial LLC lifted its holdings 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 acquiring an additional 10,904,954 shares during the period. Raymond James Financial Inc. grew its holdings in Capital Group Dividend Value ETF by 6.6% in the fourth quarter. Raymond James Financial Inc. now owns 23,591,243 shares of the company’s stock valued at $1,029,522,000 after purchasing an additional 1,465,566 shares during the period. Capital International Investors increased 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 purchasing an additional 397,762 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position 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 purchasing an additional 2,061,385 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake 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 purchasing an additional 2,082,860 shares during the period.

Capital Group Dividend Value ETF Price Performance

NYSEARCA:CGDV opened at $48.99 on Friday. The company has a market cap of $35.33 billion, a P/E ratio of 26.59 and a beta of 0.89. The firm’s 50 day moving average is $47.32 and its two-hundred day moving average is $45.26. Capital Group Dividend Value ETF has a fifty-two week low of $38.00 and a fifty-two week high of $49.43.

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.