Beacon Financial Advisory LLC Has $18.21 Million Position in Capital Group Dividend Value ETF $CGDV

Beacon Financial Advisory LLC grew its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 2.5% in the first quarter, Holdings Channel reports. The firm owned 427,974 shares of the company’s stock after purchasing an additional 10,483 shares during the period. Capital Group Dividend Value ETF comprises approximately 4.1% of Beacon Financial Advisory LLC’s holdings, making the stock its 2nd biggest position. Beacon Financial Advisory LLC’s holdings in Capital Group Dividend Value ETF were worth $18,206,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC raised its position in shares of 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 buying an additional 10,904,954 shares in the last quarter. Raymond James Financial Inc. grew its position in 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 worth $1,029,522,000 after buying an additional 1,465,566 shares in the last quarter. Capital International Investors grew 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 worth $999,318,000 after buying an additional 397,762 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Capital Group Dividend Value ETF by 12.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 18,754,937 shares of the company’s stock worth $818,465,000 after acquiring an additional 2,061,385 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in Capital Group Dividend Value ETF by 14.5% in the 4th quarter. Cetera Investment Advisers now owns 16,399,426 shares of the company’s stock worth $715,671,000 after acquiring an additional 2,082,860 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

NYSEARCA:CGDV opened at $48.95 on Friday. The stock has a market cap of $36.89 billion, a P/E ratio of 26.59 and a beta of 0.88. The business’s 50-day moving average price is $48.01 and its two-hundred day moving average price is $45.63. Capital Group Dividend Value ETF has a twelve month low of $39.76 and a twelve month high of $49.44.

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.