Geneos Wealth Management Inc. Buys 13,834 Shares of Capital Group Dividend Value ETF $CGDV

Geneos Wealth Management Inc. lifted its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 1.7% during the fourth quarter, Holdings Channel reports. The fund owned 828,480 shares of the company’s stock after acquiring an additional 13,834 shares during the quarter. Capital Group Dividend Value ETF accounts for 0.9% of Geneos Wealth Management Inc.’s holdings, making the stock its 16th largest position. Geneos Wealth Management Inc.’s holdings in Capital Group Dividend Value ETF were worth $36,155,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CGDV. Raymond James Financial Inc. lifted its stake in shares of Capital Group Dividend Value ETF by 14.3% in the third quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock worth $929,942,000 after buying an additional 2,772,053 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Capital Group Dividend Value ETF by 4.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 17,388,906 shares of the company’s stock worth $730,856,000 after acquiring an additional 668,214 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Capital Group Dividend Value ETF by 8.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 16,693,552 shares of the company’s stock valued at $701,630,000 after acquiring an additional 1,365,491 shares during the period. Bank of America Corp DE increased its stake in shares of Capital Group Dividend Value ETF by 20.4% in the third quarter. Bank of America Corp DE now owns 15,868,443 shares of the company’s stock worth $666,951,000 after purchasing an additional 2,688,496 shares during the period. Finally, Commonwealth Equity Services LLC lifted its position in shares of Capital Group Dividend Value ETF by 11.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 10,957,728 shares of the company’s stock worth $460,553,000 after purchasing an additional 1,093,062 shares during the last quarter.

Capital Group Dividend Value ETF Stock Up 0.4%

CGDV opened at $46.01 on Friday. The stock’s 50 day moving average price is $44.38 and its two-hundred day moving average price is $43.83. The firm has a market capitalization of $32.09 billion, a P/E ratio of 26.59 and a beta of 0.90. Capital Group Dividend Value ETF has a 12-month low of $33.88 and a 12-month high of $46.28.

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.