Cauble & Harre Wealth Management Inc. Takes Position in Capital Group Dividend Value ETF $CGDV

Cauble & Harre Wealth Management Inc. purchased a new position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 171,065 shares of the company’s stock, valued at approximately $7,465,000. Capital Group Dividend Value ETF comprises 6.3% of Cauble & Harre Wealth Management Inc.’s investment portfolio, making the stock its 4th biggest holding.

Other hedge funds have also added to or reduced their stakes in the company. AQR Capital Management LLC bought a new stake in Capital Group Dividend Value ETF in the first quarter valued at $236,000. Franklin Resources Inc. bought a new stake in Capital Group Dividend Value ETF during the second quarter worth $226,000. Russell Investments Group Ltd. raised its stake 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 purchasing an additional 925 shares during the period. Brown Advisory Inc. boosted 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 acquiring an additional 4,118 shares during the last quarter. Finally, Sei Investments Co. increased its position 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 worth $46,203,000 after buying an additional 203,772 shares during the last quarter.

Capital Group Dividend Value ETF Stock Performance

Capital Group Dividend Value ETF stock opened at $47.82 on Friday. The firm’s fifty day moving average price is $44.80 and its 200-day moving average price is $44.31. Capital Group Dividend Value ETF has a fifty-two week low of $36.10 and a fifty-two week high of $48.49. The stock has a market cap of $34.49 billion, a P/E ratio of 26.59 and a beta of 0.89.

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.