BIP Wealth LLC Grows Stock Holdings in Capital Group Dividend Value ETF $CGDV

BIP Wealth LLC grew its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 4.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 659,184 shares of the company’s stock after buying an additional 29,944 shares during the quarter. Capital Group Dividend Value ETF comprises about 1.1% of BIP Wealth LLC’s investment portfolio, making the stock its 12th largest position. BIP Wealth LLC’s holdings in Capital Group Dividend Value ETF were worth $28,042,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. LPL Financial LLC grew its stake 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 worth $2,770,731,000 after purchasing an additional 10,904,954 shares during the last quarter. Axxcess Wealth Management LLC raised 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 valued at $153,613,000 after purchasing an additional 2,878,723 shares during the last quarter. Raymond James Financial Inc. raised 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 valued at $929,942,000 after purchasing an additional 2,772,053 shares during the last quarter. Wells Fargo & Company MN lifted its holdings 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 worth $711,822,000 after buying an additional 2,729,408 shares during the period. Finally, Bank of America Corp DE lifted its holdings 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 worth $666,951,000 after buying an additional 2,688,496 shares during the period.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV stock opened at $48.95 on Friday. The firm 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 fifty-two week low of $39.76 and a fifty-two week high of $49.44. The business’s 50 day moving average price is $48.01 and its 200-day moving average price is $45.63.

About Capital Group Dividend Value ETF

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.