AdvisorNet Financial Inc Purchases 44,385 Shares of Capital Group Dividend Value ETF $CGDV

AdvisorNet Financial Inc boosted its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 18.8% during the first quarter, HoldingsChannel.com reports. The fund owned 280,562 shares of the company’s stock after purchasing an additional 44,385 shares during the period. AdvisorNet Financial Inc’s holdings in Capital Group Dividend Value ETF were worth $11,935,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CGDV. Clark Capital Management Group Inc. boosted its holdings in shares of Capital Group Dividend Value ETF by 2.4% in the 3rd quarter. Clark Capital Management Group Inc. now owns 9,984 shares of the company’s stock worth $420,000 after acquiring an additional 238 shares in the last quarter. Cim LLC boosted its stake in Capital Group Dividend Value ETF by 2.3% in the third quarter. Cim LLC now owns 11,280 shares of the company’s stock worth $474,000 after purchasing an additional 250 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Capital Group Dividend Value ETF by 1.7% during the second quarter. Ameriprise Financial Inc. now owns 16,080 shares of the company’s stock worth $635,000 after purchasing an additional 263 shares during the last quarter. OneAscent Financial Services LLC grew its holdings in shares of Capital Group Dividend Value ETF by 0.7% during the fourth quarter. OneAscent Financial Services LLC now owns 43,691 shares of the company’s stock worth $1,907,000 after purchasing an additional 294 shares during the last quarter. Finally, Prospect Financial Services LLC increased its stake in shares of Capital Group Dividend Value ETF by 2.5% in the fourth quarter. Prospect Financial Services LLC now owns 12,925 shares of the company’s stock valued at $564,000 after buying an additional 312 shares in the last quarter.

Capital Group Dividend Value ETF Stock Down 0.3%

Shares of NYSEARCA:CGDV opened at $48.85 on Tuesday. Capital Group Dividend Value ETF has a 12 month low of $38.00 and a 12 month high of $49.43. The company’s 50-day moving average price is $47.40 and its two-hundred day moving average price is $45.32. The firm has a market cap of $35.23 billion, a P/E 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.