Diversify Wealth Management LLC Boosts Position in Capital Group Dividend Value ETF $CGDV

Diversify Wealth Management LLC raised its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 188.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 210,505 shares of the company’s stock after purchasing an additional 137,534 shares during the period. Diversify Wealth Management LLC’s holdings in Capital Group Dividend Value ETF were worth $9,673,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CGDV. Pflug Koory LLC purchased a new stake in shares of Capital Group Dividend Value ETF in the 4th quarter worth about $25,000. Triumph Capital Management acquired a new position in Capital Group Dividend Value ETF during the third quarter worth about $32,000. Bay Harbor Wealth Management LLC acquired a new position in Capital Group Dividend Value ETF during the fourth quarter worth about $32,000. Tucker Asset Management LLC purchased a new stake in shares of Capital Group Dividend Value ETF in the fourth quarter valued at about $32,000. Finally, Flagship Wealth Advisors LLC acquired a new stake in shares of Capital Group Dividend Value ETF in the fourth quarter valued at approximately $32,000.

Capital Group Dividend Value ETF Stock Up 0.7%

Shares of CGDV traded up $0.36 during mid-day trading on Friday, reaching $49.50. 3,411,637 shares of the company’s stock were exchanged, compared to its average volume of 4,542,946. The company has a 50-day simple moving average of $48.32 and a two-hundred day simple moving average of $45.83. Capital Group Dividend Value ETF has a 52-week low of $39.87 and a 52-week high of $49.55. The company has a market cap of $36.89 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88.

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.