Investment Advisory Services Group LLC Acquires New Holdings in Capital Group Dividend Value ETF $CGDV

Investment Advisory Services Group LLC bought a new position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 77,344 shares of the company’s stock, valued at approximately $3,375,000. Capital Group Dividend Value ETF accounts for approximately 3.0% of Investment Advisory Services Group LLC’s holdings, making the stock its 9th largest position.

A number of other institutional investors have also recently bought and sold shares of CGDV. Raymond James Financial Inc. raised its holdings in shares of Capital Group Dividend Value ETF by 14.3% during the third quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock worth $929,942,000 after acquiring an additional 2,772,053 shares during the period. Envestnet Asset Management Inc. boosted its stake in Capital Group Dividend Value ETF by 4.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 17,388,906 shares of the company’s stock worth $730,856,000 after purchasing an additional 668,214 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Capital Group Dividend Value ETF by 8.9% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 16,693,552 shares of the company’s stock worth $701,630,000 after purchasing an additional 1,365,491 shares during the period. Bank of America Corp DE increased its holdings in Capital Group Dividend Value ETF by 20.4% during the 3rd 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 in the last quarter. Finally, Advance Capital Management Inc. increased its holdings in Capital Group Dividend Value ETF by 2.4% during the 4th quarter. Advance Capital Management Inc. now owns 10,051,233 shares of the company’s stock worth $438,636,000 after purchasing an additional 231,646 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

CGDV opened at $47.45 on Tuesday. The company has a market capitalization of $34.22 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The business’s 50-day moving average price is $44.60 and its two-hundred day moving average price is $44.18. Capital Group Dividend Value ETF has a 1 year low of $36.10 and a 1 year high of $47.56.

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.