Essex Financial Services Inc. Increases Holdings in Capital Group Dividend Value ETF $CGDV

Essex Financial Services Inc. boosted its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 4.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 269,190 shares of the company’s stock after purchasing an additional 10,497 shares during the quarter. Essex Financial Services Inc.’s holdings in Capital Group Dividend Value ETF were worth $11,451,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of CGDV. LPL Financial LLC increased its stake in shares of 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 valued at $2,770,731,000 after buying an additional 10,904,954 shares during the period. Raymond James Financial Inc. lifted its stake 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 worth $1,029,522,000 after acquiring an additional 1,465,566 shares during the period. Capital International Investors grew its holdings in Capital Group Dividend Value ETF by 1.8% during the 4th 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 in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Capital Group Dividend Value ETF by 12.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 18,754,937 shares of the company’s stock worth $818,465,000 after acquiring an additional 2,061,385 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in Capital Group Dividend Value ETF by 14.5% during the 4th quarter. Cetera Investment Advisers now owns 16,399,426 shares of the company’s stock valued at $715,671,000 after purchasing an additional 2,082,860 shares during the period.

Capital Group Dividend Value ETF Stock Performance

NYSEARCA:CGDV opened at $49.09 on Thursday. Capital Group Dividend Value ETF has a one year low of $39.50 and a one year high of $49.43. The firm has a market cap of $36.53 billion, a P/E ratio of 26.59 and a beta of 0.88. The firm has a 50-day simple moving average of $47.88 and a 200-day simple moving average of $45.57.

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.