Main Line Retirement Advisors LLC Decreases Stake in Capital Group Dividend Value ETF $CGDV

Main Line Retirement Advisors LLC cut its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 38.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 319,751 shares of the company’s stock after selling 196,160 shares during the quarter. Capital Group Dividend Value ETF makes up 9.8% of Main Line Retirement Advisors LLC’s portfolio, making the stock its 4th largest position. Main Line Retirement Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $13,954,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CGDV. Stratos Wealth Partners LTD. grew its holdings in Capital Group Dividend Value ETF by 49.3% during the 4th quarter. Stratos Wealth Partners LTD. now owns 245,973 shares of the company’s stock worth $10,734,000 after acquiring an additional 81,269 shares during the last quarter. Stratos Investment Management LLC raised its stake in shares of Capital Group Dividend Value ETF by 1.9% in the fourth quarter. Stratos Investment Management LLC now owns 31,391 shares of the company’s stock worth $1,370,000 after acquiring an additional 586 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its stake in shares of Capital Group Dividend Value ETF by 1.1% in the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 204,371 shares of the company’s stock worth $8,919,000 after acquiring an additional 2,182 shares during the last quarter. Fearless Solutions LLC dba Best Invest lifted its position in shares of Capital Group Dividend Value ETF by 2.1% during the fourth quarter. Fearless Solutions LLC dba Best Invest now owns 103,958 shares of the company’s stock worth $4,537,000 after purchasing an additional 2,116 shares in the last quarter. Finally, Pflug Koory LLC bought a new stake in shares of Capital Group Dividend Value ETF during the fourth quarter valued at approximately $25,000.

Capital Group Dividend Value ETF Price Performance

CGDV opened at $42.69 on Friday. The stock has a market capitalization of $28.98 billion, a P/E ratio of 26.59 and a beta of 0.89. The company’s 50 day simple moving average is $44.39 and its 200-day simple moving average is $43.54. Capital Group Dividend Value ETF has a one year low of $30.94 and a one year high of $46.01.

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.