Geneos Wealth Management Inc. Has $21.29 Million Stock Holdings in Capital Group Dividend Value ETF $CGDV

Geneos Wealth Management Inc. trimmed its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 39.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 500,476 shares of the company’s stock after selling 328,004 shares during the quarter. Geneos Wealth Management Inc. owned 0.07% of Capital Group Dividend Value ETF worth $21,290,000 at the end of the most recent reporting period.

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

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV opened at $49.30 on Thursday. The stock has a 50 day simple moving average of $48.45 and a 200 day simple moving average of $45.95. Capital Group Dividend Value ETF has a 52-week low of $39.87 and a 52-week high of $49.55. The firm has a market capitalization of $36.74 billion, a PE 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.