BlueChip Wealth Advisors LLC Sells 57,933 Shares of Capital Group Dividend Value ETF $CGDV

BlueChip Wealth Advisors LLC decreased its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 34.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,710 shares of the company’s stock after selling 57,933 shares during the period. Capital Group Dividend Value ETF accounts for about 2.1% of BlueChip Wealth Advisors LLC’s holdings, making the stock its 15th biggest position. BlueChip Wealth Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $4,710,000 at the end of the most recent quarter.

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

Capital Group Dividend Value ETF Stock Down 0.1%

Shares of NYSEARCA CGDV opened at $49.01 on Wednesday. Capital Group Dividend Value ETF has a 52 week low of $39.87 and a 52 week high of $49.55. The business has a 50-day simple moving average of $48.42 and a two-hundred day simple moving average of $45.92. The company has a market cap of $36.52 billion, a P/E ratio of 26.59 and a beta of 0.88.

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.