Janney Montgomery Scott LLC increased its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV – Free Report) by 12.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 3,280,394 shares of the company’s stock after buying an additional 351,973 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Capital Group Dividend Value ETF were worth $139,548,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in CGDV. Pflug Koory LLC bought a new position in Capital Group Dividend Value ETF in the 4th quarter worth about $25,000. Triumph Capital Management purchased a new position in Capital Group Dividend Value ETF during the 3rd quarter valued at about $32,000. Bay Harbor Wealth Management LLC bought a new stake in shares of Capital Group Dividend Value ETF during the fourth quarter valued at about $32,000. Tucker Asset Management LLC bought a new stake in shares of Capital Group Dividend Value ETF during the fourth quarter valued at about $32,000. Finally, Flagship Wealth Advisors LLC purchased a new stake in shares of Capital Group Dividend Value ETF in the fourth quarter worth about $32,000.
Capital Group Dividend Value ETF Trading Down 0.6%
CGDV stock opened at $48.49 on Friday. The firm has a 50 day moving average of $47.67 and a 200-day moving average of $45.44. The firm has a market capitalization of $34.97 billion, a P/E ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 12 month low of $39.23 and a 12 month high of $49.43.
About Capital Group Dividend Value ETF
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.
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Want to see what other hedge funds are holding CGDV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital Group Dividend Value ETF (NYSEARCA:CGDV – Free Report).
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