Rothschild Wealth LLC Purchases New Stake in Capital Group Dividend Value ETF $CGDV

Rothschild Wealth LLC purchased a new stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 287,143 shares of the company’s stock, valued at approximately $12,531,000. Capital Group Dividend Value ETF accounts for approximately 1.2% of Rothschild Wealth LLC’s investment portfolio, making the stock its 16th biggest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of CGDV. AQR Capital Management LLC acquired a new position in Capital Group Dividend Value ETF in the first quarter valued at about $236,000. Franklin Resources Inc. acquired a new position in Capital Group Dividend Value ETF in the second quarter valued at about $226,000. Russell Investments Group Ltd. raised its stake in Capital Group Dividend Value ETF by 24.9% in 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 in the last quarter. Brown Advisory Inc. raised its stake in Capital Group Dividend Value ETF by 22.7% in 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 in the last quarter. Finally, Sei Investments Co. raised its stake in Capital Group Dividend Value ETF by 21.1% in 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 in the last quarter.

Capital Group Dividend Value ETF Price Performance

CGDV stock opened at $48.51 on Monday. The company has a market cap of $34.99 billion, a PE ratio of 26.59 and a beta of 0.89. The business has a 50-day simple moving average of $45.59 and a 200 day simple moving average of $44.69. Capital Group Dividend Value ETF has a 52 week low of $36.72 and a 52 week high of $48.59.

Capital Group Dividend Value ETF Company 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.