Northwestern Mutual Wealth Management Co. Has $818.47 Million Stake in Capital Group Dividend Value ETF $CGDV

Northwestern Mutual Wealth Management Co. increased its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 12.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,754,937 shares of the company’s stock after buying an additional 2,061,385 shares during the period. Northwestern Mutual Wealth Management Co. owned 2.94% of Capital Group Dividend Value ETF worth $818,465,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Moors & Cabot Inc. grew its stake in shares of Capital Group Dividend Value ETF by 81.3% in the 4th quarter. Moors & Cabot Inc. now owns 9,340 shares of the company’s stock valued at $408,000 after buying an additional 4,187 shares during the period. Carnegie Lake Advisors LLC grew its stake in shares of Capital Group Dividend Value ETF by 17.7% in the 4th quarter. Carnegie Lake Advisors LLC now owns 8,349 shares of the company’s stock valued at $364,000 after buying an additional 1,254 shares during the period. CFS Investment Advisory Services LLC grew its stake in shares of Capital Group Dividend Value ETF by 14.8% in the 4th quarter. CFS Investment Advisory Services LLC now owns 236,806 shares of the company’s stock valued at $10,334,000 after buying an additional 30,553 shares during the period. Godfrey Financial Associates Inc. acquired a new stake in shares of Capital Group Dividend Value ETF in the 4th quarter valued at about $58,000. Finally, IFG Advisory LLC grew its stake in shares of Capital Group Dividend Value ETF by 26.9% in the 4th quarter. IFG Advisory LLC now owns 190,107 shares of the company’s stock valued at $8,296,000 after buying an additional 40,357 shares during the period.

Capital Group Dividend Value ETF Trading Up 0.3%

NYSEARCA CGDV opened at $48.41 on Friday. The company has a fifty day simple moving average of $45.48 and a 200 day simple moving average of $44.65. Capital Group Dividend Value ETF has a 12-month low of $36.72 and a 12-month high of $48.50. The company has a market cap of $34.91 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.