VVR Holdings LLC Invests $17.75 Million in Capital Group Dividend Value ETF $CGDV

VVR Holdings LLC bought a new stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 406,768 shares of the company’s stock, valued at approximately $17,751,000. Capital Group Dividend Value ETF makes up approximately 9.2% of VVR Holdings LLC’s investment portfolio, making the stock its 5th biggest position. VVR Holdings LLC owned approximately 0.06% of Capital Group Dividend Value ETF at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. AQR Capital Management LLC bought a new position in Capital Group Dividend Value ETF during the 1st quarter valued at $236,000. Franklin Resources Inc. purchased a new stake in shares of Capital Group Dividend Value ETF in the second quarter valued at about $226,000. Russell Investments Group Ltd. lifted its position in shares of Capital Group Dividend Value ETF by 24.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,638 shares of the company’s stock worth $183,000 after buying an additional 925 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of Capital Group Dividend Value ETF by 22.7% in the 2nd quarter. Brown Advisory Inc. now owns 22,270 shares of the company’s stock worth $879,000 after purchasing an additional 4,118 shares during the period. Finally, Sei Investments Co. boosted its holdings in Capital Group Dividend Value ETF by 21.1% in the 2nd quarter. Sei Investments Co. now owns 1,169,992 shares of the company’s stock worth $46,203,000 after buying an additional 203,772 shares during the period.

Capital Group Dividend Value ETF Trading Up 0.1%

Shares of Capital Group Dividend Value ETF stock opened at $47.94 on Tuesday. The company’s 50-day moving average price is $46.27 and its 200-day moving average price is $44.93. Capital Group Dividend Value ETF has a 12-month low of $38.00 and a 12-month high of $49.10. The company has a market cap of $34.57 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89.

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.