Private Advisor Group LLC Acquires 240,226 Shares of Capital Group Dividend Value ETF $CGDV

Private Advisor Group LLC lifted its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 6.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,751,433 shares of the company’s stock after buying an additional 240,226 shares during the quarter. Capital Group Dividend Value ETF makes up about 0.7% of Private Advisor Group LLC’s portfolio, making the stock its 20th biggest position. Private Advisor Group LLC’s holdings in Capital Group Dividend Value ETF were worth $159,586,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CGDV. AQR Capital Management LLC bought a new position in Capital Group Dividend Value ETF in the 1st quarter valued at $236,000. Franklin Resources Inc. bought a new stake in shares of Capital Group Dividend Value ETF during the second quarter worth $226,000. Russell Investments Group Ltd. boosted its stake in shares of Capital Group Dividend Value ETF by 24.9% during the second quarter. Russell Investments Group Ltd. now owns 4,638 shares of the company’s stock valued at $183,000 after purchasing an additional 925 shares during the period. Brown Advisory Inc. boosted its stake in shares of Capital Group Dividend Value ETF by 22.7% during the second quarter. Brown Advisory Inc. now owns 22,270 shares of the company’s stock valued at $879,000 after purchasing an additional 4,118 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of Capital Group Dividend Value ETF by 21.1% during the second quarter. Sei Investments Co. now owns 1,169,992 shares of the company’s stock valued at $46,203,000 after purchasing an additional 203,772 shares during the period.

Capital Group Dividend Value ETF Trading Down 0.3%

NYSEARCA CGDV opened at $48.95 on Friday. The company’s 50-day moving average price is $47.95 and its 200-day moving average price is $45.61. The stock has a market cap of $36.43 billion, a PE ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 12 month low of $39.76 and a 12 month high of $49.44.

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.