HBW Advisory Services LLC Grows Stock Position in Capital Group Dividend Value ETF $CGDV

HBW Advisory Services LLC raised its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 26.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,309 shares of the company’s stock after buying an additional 23,617 shares during the quarter. HBW Advisory Services LLC’s holdings in Capital Group Dividend Value ETF were worth $4,778,000 at the end of the most recent reporting period.

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

Capital Group Dividend Value ETF Stock Down 0.9%

NYSEARCA CGDV opened at $49.06 on Tuesday. The company’s 50 day moving average is $48.37 and its 200-day moving average is $45.88. Capital Group Dividend Value ETF has a 12-month low of $39.87 and a 12-month high of $49.55. The firm has a market cap of $36.56 billion, a P/E 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.