Capital Group Dividend Value ETF $CGDV Stock Holdings Boosted by Richards Merrill & Peterson Inc.

Richards Merrill & Peterson Inc. lifted its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 72.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 59,315 shares of the company’s stock after buying an additional 24,945 shares during the period. Capital Group Dividend Value ETF makes up 0.9% of Richards Merrill & Peterson Inc.’s holdings, making the stock its 26th largest position. Richards Merrill & Peterson Inc.’s holdings in Capital Group Dividend Value ETF were worth $2,523,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Pflug Koory LLC acquired a new position in Capital Group Dividend Value ETF during the fourth quarter worth about $25,000. Triumph Capital Management acquired a new stake in Capital Group Dividend Value ETF in the 3rd quarter valued at about $32,000. Bay Harbor Wealth Management LLC acquired a new stake in Capital Group Dividend Value ETF in the 4th quarter valued at about $32,000. Tucker Asset Management LLC bought a new position in shares of Capital Group Dividend Value ETF during the 4th quarter valued at about $32,000. Finally, Flagship Wealth Advisors LLC acquired a new position in shares of Capital Group Dividend Value ETF in the 4th quarter worth approximately $32,000.

Capital Group Dividend Value ETF Price Performance

Shares of CGDV opened at $48.34 on Wednesday. The firm’s 50 day moving average is $47.48 and its 200-day moving average is $45.35. Capital Group Dividend Value ETF has a 12-month low of $38.70 and a 12-month high of $49.43. The stock has a market capitalization of $34.86 billion, a P/E ratio of 26.59 and a beta of 0.89.

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.