Blue Trust Inc. Reduces Position in Capital Group Dividend Value ETF $CGDV

Blue Trust Inc. decreased its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 91.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,343 shares of the company’s stock after selling 14,629 shares during the period. Blue Trust Inc.’s holdings in Capital Group Dividend Value ETF were worth $57,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in shares of Capital Group Dividend Value ETF by 20.7% in the fourth quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock valued at $2,770,731,000 after acquiring an additional 10,904,954 shares during the period. Axxcess Wealth Management LLC increased its holdings in shares of Capital Group Dividend Value ETF by 448.9% in the 4th quarter. Axxcess Wealth Management LLC now owns 3,520,015 shares of the company’s stock valued at $153,613,000 after acquiring an additional 2,878,723 shares during the period. Raymond James Financial Inc. increased its holdings in shares of Capital Group Dividend Value ETF by 14.3% in the 3rd quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock valued at $929,942,000 after acquiring an additional 2,772,053 shares during the period. Wells Fargo & Company MN raised its position in Capital Group Dividend Value ETF by 20.1% in the 4th quarter. Wells Fargo & Company MN now owns 16,311,223 shares of the company’s stock valued at $711,822,000 after purchasing an additional 2,729,408 shares during the last quarter. Finally, Bank of America Corp DE raised its position in Capital Group Dividend Value ETF by 20.4% in the 3rd quarter. Bank of America Corp DE now owns 15,868,443 shares of the company’s stock valued at $666,951,000 after purchasing an additional 2,688,496 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA:CGDV opened at $48.95 on Friday. Capital Group Dividend Value ETF has a 1-year low of $39.76 and a 1-year high of $49.44. The stock has a market cap of $36.43 billion, a P/E ratio of 26.59 and a beta of 0.88. The firm has a fifty day moving average price of $47.95 and a 200 day moving average price of $45.61.

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.