Fifth Third Bancorp Increases Stake in Capital Group Dividend Value ETF $CGDV

Fifth Third Bancorp raised its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 5,976.7% during the 1st quarter, HoldingsChannel.com reports. The fund owned 91,879 shares of the company’s stock after acquiring an additional 90,367 shares during the period. Fifth Third Bancorp’s holdings in Capital Group Dividend Value ETF were worth $3,909,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CGDV. LPL Financial LLC raised its position in shares of Capital Group Dividend Value ETF by 20.7% in the 4th 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 in the last quarter. Raymond James Financial Inc. grew its stake in Capital Group Dividend Value ETF by 6.6% in the fourth quarter. Raymond James Financial Inc. now owns 23,591,243 shares of the company’s stock worth $1,029,522,000 after purchasing an additional 1,465,566 shares during the period. Capital International Investors lifted its position in Capital Group Dividend Value ETF by 1.8% during the fourth quarter. Capital International Investors now owns 22,899,119 shares of the company’s stock valued at $999,318,000 after buying an additional 397,762 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Capital Group Dividend Value ETF by 12.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 18,754,937 shares of the company’s stock valued at $818,465,000 after buying an additional 2,061,385 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in shares of Capital Group Dividend Value ETF by 14.5% during the 4th quarter. Cetera Investment Advisers now owns 16,399,426 shares of the company’s stock valued at $715,671,000 after buying an additional 2,082,860 shares in the last quarter.

Capital Group Dividend Value ETF Trading Down 0.9%

Shares of CGDV stock opened at $48.79 on Friday. The company’s fifty day moving average price is $48.53 and its 200-day moving average price is $46.01. The stock has a market cap of $36.51 billion, a PE ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 12 month low of $39.87 and a 12 month high of $49.55.

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.