Altus Wealth Group LLC Grows Stake in Capital Group Dividend Value ETF $CGDV

Altus Wealth Group LLC lifted its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 48.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 64,112 shares of the company’s stock after purchasing an additional 20,892 shares during the quarter. Capital Group Dividend Value ETF comprises 1.1% of Altus Wealth Group LLC’s portfolio, making the stock its 17th biggest holding. Altus Wealth Group LLC’s holdings in Capital Group Dividend Value ETF were worth $2,727,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. LPL Financial LLC lifted its stake in Capital Group Dividend Value ETF by 20.7% in the fourth quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock worth $2,770,731,000 after purchasing an additional 10,904,954 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of Capital Group Dividend Value ETF by 6.6% during the fourth quarter. Raymond James Financial Inc. now owns 23,591,243 shares of the company’s stock valued at $1,029,522,000 after buying an additional 1,465,566 shares during the last quarter. Capital International Investors grew its stake in shares of 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 last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Capital Group Dividend Value ETF by 12.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 18,754,937 shares of the company’s stock worth $818,465,000 after buying an additional 2,061,385 shares during the period. Finally, Cetera Investment Advisers raised its holdings in shares of Capital Group Dividend Value ETF by 14.5% in the fourth quarter. Cetera Investment Advisers now owns 16,399,426 shares of the company’s stock worth $715,671,000 after buying an additional 2,082,860 shares during the period.

Capital Group Dividend Value ETF Price Performance

CGDV opened at $48.95 on Friday. The business has a fifty day moving average of $48.01 and a 200 day moving average of $45.63. Capital Group Dividend Value ETF has a 52-week low of $39.76 and a 52-week high of $49.44. The stock has a market cap of $36.43 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.