EQ Wealth Advisors LLC Increases Stake in Capital Group Dividend Value ETF $CGDV

EQ Wealth Advisors LLC increased its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 30.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,194 shares of the company’s stock after purchasing an additional 19,007 shares during the period. Capital Group Dividend Value ETF accounts for about 2.0% of EQ Wealth Advisors LLC’s portfolio, making the stock its 18th largest position. EQ Wealth Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $3,454,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. LPL Financial LLC raised 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 worth $2,770,731,000 after buying an additional 10,904,954 shares during the last quarter. Axxcess Wealth Management LLC grew its holdings in shares of Capital Group Dividend Value ETF by 448.9% during the fourth quarter. Axxcess Wealth Management LLC now owns 3,520,015 shares of the company’s stock valued at $153,613,000 after buying an additional 2,878,723 shares during the last quarter. Raymond James Financial Inc. grew its holdings in shares of Capital Group Dividend Value ETF by 14.3% during the third quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock valued at $929,942,000 after buying an additional 2,772,053 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of 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 acquiring an additional 2,729,408 shares during the period. Finally, Bank of America Corp DE increased its position in shares of 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 acquiring an additional 2,688,496 shares during the period.

Capital Group Dividend Value ETF Price Performance

CGDV traded up $0.36 on Friday, reaching $49.50. 3,411,637 shares of the stock were exchanged, compared to its average volume of 4,542,946. The company’s 50-day moving average price is $48.32 and its 200 day moving average price is $45.83. Capital Group Dividend Value ETF has a fifty-two week low of $39.87 and a fifty-two week high of $49.55. The firm has a market capitalization of $36.89 billion, a PE ratio of 26.59 and a beta of 0.88.

Capital Group Dividend Value ETF Company 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.