Capital Group Dividend Value ETF $CGDV Stock Position Raised by Advance Capital Management Inc.

Advance Capital Management Inc. lifted its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 1.4% in the first quarter, Holdings Channel.com reports. The fund owned 10,192,029 shares of the company’s stock after purchasing an additional 140,796 shares during the period. Capital Group Dividend Value ETF makes up approximately 16.4% of Advance Capital Management Inc.’s portfolio, making the stock its biggest position. Advance Capital Management Inc.’s holdings in Capital Group Dividend Value ETF were worth $433,569,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CGDV. Pflug Koory LLC purchased a new stake in Capital Group Dividend Value ETF during the 4th quarter worth about $25,000. Triumph Capital Management purchased a new position in Capital Group Dividend Value ETF during the 3rd quarter valued at about $32,000. Bay Harbor Wealth Management LLC purchased a new position in Capital Group Dividend Value ETF during the 4th quarter valued at about $32,000. Tucker Asset Management LLC bought a new stake in shares of Capital Group Dividend Value ETF during the fourth quarter valued at about $32,000. Finally, Flagship Wealth Advisors LLC bought a new stake in shares of Capital Group Dividend Value ETF during the fourth quarter valued at about $32,000.

Capital Group Dividend Value ETF Trading Up 0.4%

Shares of Capital Group Dividend Value ETF stock opened at $49.14 on Tuesday. The company’s 50-day moving average price is $48.07 and its 200-day moving average price is $45.69. Capital Group Dividend Value ETF has a 12-month low of $39.76 and a 12-month high of $49.44. The company has a market cap of $37.03 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88.

About Capital Group Dividend Value ETF

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.