Dahring Cusmano LLC Invests $6.83 Million in Capital Group Dividend Value ETF $CGDV

Dahring Cusmano LLC acquired a new position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 160,620 shares of the company’s stock, valued at approximately $6,833,000. Capital Group Dividend Value ETF makes up approximately 4.2% of Dahring Cusmano LLC’s portfolio, making the stock its 9th largest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CGDV. AQR Capital Management LLC acquired a new position in Capital Group Dividend Value ETF in the 1st quarter worth about $236,000. Franklin Resources Inc. acquired a new stake in shares of Capital Group Dividend Value ETF during the 2nd quarter valued at about $226,000. Russell Investments Group Ltd. lifted its holdings in shares of Capital Group Dividend Value ETF by 24.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,638 shares of the company’s stock valued at $183,000 after buying an additional 925 shares during the last quarter. Brown Advisory Inc. grew its stake in shares of Capital Group Dividend Value ETF by 22.7% in the 2nd quarter. Brown Advisory Inc. now owns 22,270 shares of the company’s stock valued at $879,000 after buying an additional 4,118 shares in the last quarter. Finally, Sei Investments Co. grew its stake in shares of Capital Group Dividend Value ETF by 21.1% in the 2nd quarter. Sei Investments Co. now owns 1,169,992 shares of the company’s stock valued at $46,203,000 after buying an additional 203,772 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

NYSEARCA:CGDV opened at $49.24 on Friday. The company has a market capitalization of $36.69 billion, a P/E ratio of 26.59 and a beta of 0.88. The stock’s 50 day moving average price is $48.50 and its 200 day moving average price is $45.99. Capital Group Dividend Value ETF has a 52 week low of $39.87 and a 52 week 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.