Capital Group Dividend Value ETF $CGDV Shares Sold by Blue Trust Inc.

Blue Trust Inc. decreased its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 91.6% during the 1st quarter, Holdings Channel reports. The fund owned 1,343 shares of the company’s stock after selling 14,629 shares during the quarter. Blue Trust Inc.’s holdings in Capital Group Dividend Value ETF were worth $57,000 as of its most recent filing with the Securities & Exchange Commission.

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

Capital Group Dividend Value ETF Stock Down 0.3%

CGDV stock opened at $48.95 on Friday. The stock has a market capitalization of $36.43 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 52-week low of $39.76 and a 52-week high of $49.44. The stock’s fifty day simple moving average is $47.95 and its 200-day simple moving average is $45.61.

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.