Assetmark Inc. Increases Stake in Capital Group Dividend Value ETF $CGDV

Assetmark Inc. raised its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 11.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 845,682 shares of the company’s stock after purchasing an additional 83,781 shares during the quarter. Assetmark Inc.’s holdings in Capital Group Dividend Value ETF were worth $35,975,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. LPL Financial LLC grew its holdings 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 worth $2,770,731,000 after acquiring an additional 10,904,954 shares during the last quarter. Axxcess Wealth Management LLC lifted its holdings in Capital Group Dividend Value ETF by 448.9% in the 4th quarter. Axxcess Wealth Management LLC now owns 3,520,015 shares of the company’s stock worth $153,613,000 after buying an additional 2,878,723 shares during the period. Raymond James Financial Inc. lifted its holdings in Capital Group Dividend Value ETF by 14.3% in the 3rd quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock worth $929,942,000 after buying an additional 2,772,053 shares during the period. Wells Fargo & Company MN grew its position in shares of Capital Group Dividend Value ETF by 20.1% in the 4th quarter. Wells Fargo & Company MN now owns 16,311,223 shares of the company’s stock worth $711,822,000 after buying an additional 2,729,408 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Capital Group Dividend Value ETF by 20.4% during the third quarter. Bank of America Corp DE now owns 15,868,443 shares of the company’s stock valued at $666,951,000 after buying an additional 2,688,496 shares during the period.

Capital Group Dividend Value ETF Stock Down 0.9%

Shares of Capital Group Dividend Value ETF stock opened at $48.79 on Friday. The business has a 50 day moving average of $48.53 and a 200 day moving average of $46.01. Capital Group Dividend Value ETF has a 52 week low of $39.87 and a 52 week high of $49.55. The company has a market cap of $36.51 billion, a PE ratio of 26.59 and a beta of 0.88.

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.