Capital Group Dividend Value ETF $CGDV Stake Decreased by Regimen Wealth LLC

Regimen Wealth LLC reduced its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 14.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 358,111 shares of the company’s stock after selling 59,982 shares during the period. Capital Group Dividend Value ETF makes up 4.5% of Regimen Wealth LLC’s investment portfolio, making the stock its 7th biggest position. Regimen Wealth LLC’s holdings in Capital Group Dividend Value ETF were worth $15,234,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in CGDV. AQR Capital Management LLC purchased a new stake in Capital Group Dividend Value ETF during the first quarter valued at about $236,000. Franklin Resources Inc. purchased a new position in shares of Capital Group Dividend Value ETF in the 2nd quarter worth about $226,000. Russell Investments Group Ltd. boosted its holdings in shares of 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 worth $183,000 after purchasing an additional 925 shares in the last quarter. Brown Advisory Inc. increased its position 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 valued at $879,000 after purchasing an additional 4,118 shares during the last quarter. Finally, Sei Investments Co. increased its position 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 valued at $46,203,000 after purchasing an additional 203,772 shares during the last quarter.

Capital Group Dividend Value ETF Trading Down 0.9%

Shares of NYSEARCA CGDV opened at $48.79 on Friday. The stock has a market cap of $36.51 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 1-year low of $39.87 and a 1-year high of $49.55. The stock’s 50-day moving average is $48.53 and its 200 day moving average is $46.01.

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.