Capital Group Dividend Value ETF $CGDV is Western Wealth Management LLC’s 7th Largest Position

Western Wealth Management LLC boosted its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,036,355 shares of the company’s stock after buying an additional 35,631 shares during the quarter. Capital Group Dividend Value ETF accounts for about 2.1% of Western Wealth Management LLC’s holdings, making the stock its 7th biggest holding. Western Wealth Management LLC owned approximately 0.16% of Capital Group Dividend Value ETF worth $45,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in CGDV. Pflug Koory LLC acquired a new stake in shares of Capital Group Dividend Value ETF during the fourth quarter worth about $25,000. Triumph Capital Management acquired a new stake in shares of Capital Group Dividend Value ETF during the third quarter worth about $32,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of Capital Group Dividend Value ETF during the fourth quarter worth about $32,000. CoreCap Advisors LLC lifted its position in shares of Capital Group Dividend Value ETF by 93.8% during the fourth quarter. CoreCap Advisors LLC now owns 849 shares of the company’s stock worth $37,000 after purchasing an additional 411 shares in the last quarter. Finally, Huntington National Bank acquired a new stake in shares of Capital Group Dividend Value ETF during the third quarter worth about $49,000.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV opened at $47.80 on Thursday. The stock has a market capitalization of $34.47 billion, a PE ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 1 year low of $36.10 and a 1 year high of $47.88. The company’s 50-day simple moving average is $44.68 and its 200-day simple moving average is $44.25.

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.