Capital Group Dividend Value ETF $CGDV Shares Bought by Principal Securities Inc.

Principal Securities Inc. boosted its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 23.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 296,898 shares of the company’s stock after acquiring an additional 56,326 shares during the period. Principal Securities Inc.’s holdings in Capital Group Dividend Value ETF were worth $12,957,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Forge Financial Services LLC raised its position in Capital Group Dividend Value ETF by 3.0% during the fourth quarter. Forge Financial Services LLC now owns 415,032 shares of the company’s stock worth $18,112,000 after acquiring an additional 12,256 shares during the period. Great Valley Advisor Group Inc. raised its position in Capital Group Dividend Value ETF by 6.0% during the fourth quarter. Great Valley Advisor Group Inc. now owns 496,245 shares of the company’s stock worth $21,656,000 after acquiring an additional 27,929 shares during the period. Kovack Advisors Inc. raised its position in Capital Group Dividend Value ETF by 234.2% during the fourth quarter. Kovack Advisors Inc. now owns 228,180 shares of the company’s stock worth $9,958,000 after acquiring an additional 159,897 shares during the period. Legacy Capital Wealth Management LLC acquired a new stake in shares of Capital Group Dividend Value ETF in the fourth quarter valued at about $7,220,000. Finally, Gateway Wealth Partners LLC raised its position in shares of Capital Group Dividend Value ETF by 201.6% in the fourth quarter. Gateway Wealth Partners LLC now owns 108,379 shares of the company’s stock valued at $4,730,000 after buying an additional 72,441 shares during the last quarter.

Capital Group Dividend Value ETF Stock Up 2.0%

Shares of NYSEARCA CGDV opened at $48.23 on Friday. The firm has a 50-day simple moving average of $46.63 and a 200-day simple moving average of $45.05. The stock has a market capitalization of $34.78 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 52 week low of $38.00 and a 52 week 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.