Capital Group Dividend Value ETF $CGDV Shares Purchased by MML Investors Services LLC

MML Investors Services LLC increased its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 9.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,921,276 shares of the company’s stock after acquiring an additional 435,868 shares during the quarter. MML Investors Services LLC owned about 0.77% of Capital Group Dividend Value ETF worth $214,764,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Pflug Koory LLC acquired a new position in Capital Group Dividend Value ETF in the 4th quarter valued at about $25,000. Flagship Wealth Advisors LLC acquired a new position in Capital Group Dividend Value ETF in the 4th quarter valued at about $32,000. Bay Harbor Wealth Management LLC acquired a new position in Capital Group Dividend Value ETF in the 4th quarter valued at about $32,000. Tucker Asset Management LLC acquired a new position in Capital Group Dividend Value ETF in the 4th quarter valued at about $32,000. Finally, Triumph Capital Management acquired a new position in Capital Group Dividend Value ETF in the 3rd quarter valued at about $32,000.

Capital Group Dividend Value ETF Price Performance

NYSEARCA:CGDV opened at $48.55 on Monday. The firm has a market capitalization of $35.01 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The company’s 50-day moving average is $46.74 and its two-hundred day moving average is $45.09. Capital Group Dividend Value ETF has a 1-year low of $38.00 and a 1-year high of $49.10.

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.