Janney Montgomery Scott LLC Grows Stock Position in Capital Group Dividend Value ETF $CGDV

Janney Montgomery Scott LLC boosted its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 9.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,928,421 shares of the company’s stock after acquiring an additional 242,466 shares during the quarter. Janney Montgomery Scott LLC owned about 0.46% of Capital Group Dividend Value ETF worth $127,796,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. LPL Financial LLC boosted its holdings in Capital Group Dividend Value ETF by 20.7% in the 4th quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock worth $2,770,731,000 after acquiring an additional 10,904,954 shares during the period. Capital International Investors boosted its stake in shares of Capital Group Dividend Value ETF by 1.8% during the 4th quarter. Capital International Investors now owns 22,899,119 shares of the company’s stock valued at $999,318,000 after buying an additional 397,762 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of Capital Group Dividend Value ETF by 14.3% during the 3rd quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock valued at $929,942,000 after buying an additional 2,772,053 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Capital Group Dividend Value ETF by 12.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 18,754,937 shares of the company’s stock valued at $818,465,000 after buying an additional 2,061,385 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Capital Group Dividend Value ETF by 20.4% during the 3rd quarter. Bank of America Corp DE now owns 15,868,443 shares of the company’s stock valued at $666,951,000 after buying an additional 2,688,496 shares during the last quarter.

Capital Group Dividend Value ETF Trading Down 1.8%

Capital Group Dividend Value ETF stock opened at $47.27 on Thursday. The stock has a market cap of $34.09 billion, a P/E ratio of 26.59 and a beta of 0.89. The stock has a 50 day moving average of $46.51 and a 200-day moving average of $45.01. 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.