IMG Wealth Management Inc. Buys 11,679 Shares of Capital Group Dividend Value ETF $CGDV

IMG Wealth Management Inc. raised its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 4.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 274,583 shares of the company’s stock after acquiring an additional 11,679 shares during the period. Capital Group Dividend Value ETF accounts for about 7.4% of IMG Wealth Management Inc.’s holdings, making the stock its 2nd biggest holding. IMG Wealth Management Inc.’s holdings in Capital Group Dividend Value ETF were worth $11,681,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. LPL Financial LLC lifted its position in Capital Group Dividend Value ETF by 20.7% in the 4th quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock valued at $2,770,731,000 after acquiring an additional 10,904,954 shares in the last quarter. Raymond James Financial Inc. boosted its stake in Capital Group Dividend Value ETF by 6.6% in the 4th quarter. Raymond James Financial Inc. now owns 23,591,243 shares of the company’s stock worth $1,029,522,000 after purchasing an additional 1,465,566 shares during the period. Capital International Investors increased its holdings in Capital Group Dividend Value ETF by 1.8% during the 4th quarter. Capital International Investors now owns 22,899,119 shares of the company’s stock worth $999,318,000 after purchasing an additional 397,762 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of 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 valued at $818,465,000 after purchasing an additional 2,061,385 shares during the period. Finally, Cetera Investment Advisers raised its stake in shares of Capital Group Dividend Value ETF by 12.0% in the 1st quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock valued at $781,004,000 after purchasing an additional 1,959,868 shares during the period.

Capital Group Dividend Value ETF Price Performance

Shares of Capital Group Dividend Value ETF stock opened at $48.96 on Tuesday. The firm has a market cap of $37.23 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. The stock’s 50-day moving average is $48.66 and its 200-day moving average is $46.23. Capital Group Dividend Value ETF has a one year low of $39.87 and a one year 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.