Capital Group Dividend Value ETF $CGDV Shares Sold by CPA Asset Management Group LLC

CPA Asset Management Group LLC reduced its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 31.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,290 shares of the company’s stock after selling 10,744 shares during the quarter. CPA Asset Management Group LLC’s holdings in Capital Group Dividend Value ETF were worth $991,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC increased its stake in Capital Group Dividend Value ETF by 20.7% during the fourth quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock worth $2,770,731,000 after acquiring an additional 10,904,954 shares during the last quarter. Axxcess Wealth Management LLC lifted its stake in shares of Capital Group Dividend Value ETF by 448.9% in the 4th quarter. Axxcess Wealth Management LLC now owns 3,520,015 shares of the company’s stock valued at $153,613,000 after purchasing an additional 2,878,723 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of Capital Group Dividend Value ETF by 14.3% during the 3rd quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock worth $929,942,000 after purchasing an additional 2,772,053 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Capital Group Dividend Value ETF by 20.1% during the 4th quarter. Wells Fargo & Company MN now owns 16,311,223 shares of the company’s stock worth $711,822,000 after purchasing an additional 2,729,408 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of Capital Group Dividend Value ETF by 20.4% during the 3rd quarter. Bank of America Corp DE now owns 15,868,443 shares of the company’s stock worth $666,951,000 after purchasing an additional 2,688,496 shares during the period.

Capital Group Dividend Value ETF Stock Performance

CGDV opened at $49.24 on Friday. Capital Group Dividend Value ETF has a 1 year low of $39.87 and a 1 year high of $49.55. The firm has a 50 day moving average price of $48.50 and a 200 day moving average price of $45.99. The company has a market cap of $36.69 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.