106,079 Shares in Capital Group Dividend Value ETF $CGDV Acquired by Baer Investment Advisory LLC

Baer Investment Advisory LLC bought a new stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the first quarter, Holdings Channel.com reports. The institutional investor bought 106,079 shares of the company’s stock, valued at approximately $4,513,000.

Several other institutional investors also recently bought and sold shares of CGDV. LPL Financial LLC raised its position in shares of Capital Group Dividend Value ETF by 20.7% in the 4th quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock valued at $2,770,731,000 after purchasing an additional 10,904,954 shares during the last quarter. Axxcess Wealth Management LLC grew its position in Capital Group Dividend Value ETF by 448.9% during the 4th quarter. Axxcess Wealth Management LLC now owns 3,520,015 shares of the company’s stock worth $153,613,000 after purchasing an additional 2,878,723 shares during the last quarter. Raymond James Financial Inc. grew its position in Capital Group Dividend Value ETF by 14.3% during the 3rd quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock worth $929,942,000 after purchasing an additional 2,772,053 shares during the last quarter. Wells Fargo & Company MN grew its position in Capital Group Dividend Value ETF by 20.1% during the 4th quarter. Wells Fargo & Company MN now owns 16,311,223 shares of the company’s stock worth $711,822,000 after purchasing an additional 2,729,408 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in Capital Group Dividend Value ETF by 20.4% during 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 in the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV opened at $48.95 on Friday. The stock has a 50-day moving average of $48.01 and a two-hundred day moving average of $45.63. The stock has a market cap of $36.43 billion, a P/E ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a one year low of $39.76 and a one year high of $49.44.

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.