Northwestern Mutual Wealth Management Co. Has $18.73 Million Position in Capital Group Dividend Value ETF $CGDV

Northwestern Mutual Wealth Management Co. reduced its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 97.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 429,275 shares of the company’s stock after selling 16,264,277 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Capital Group Dividend Value ETF were worth $18,734,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CGDV. AQR Capital Management LLC acquired a new stake in Capital Group Dividend Value ETF during the 1st quarter valued at $236,000. Franklin Resources Inc. bought a new stake in Capital Group Dividend Value ETF in the second quarter worth $226,000. Russell Investments Group Ltd. boosted its holdings 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 worth $183,000 after purchasing an additional 925 shares in the last quarter. Brown Advisory Inc. boosted its holdings 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 worth $879,000 after purchasing an additional 4,118 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings 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 purchasing an additional 203,772 shares in the last quarter.

Capital Group Dividend Value ETF Trading Down 0.8%

Shares of NYSEARCA:CGDV opened at $47.30 on Wednesday. The stock has a market capitalization of $34.11 billion, a PE ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 1 year low of $36.10 and a 1 year high of $48.49. The firm has a fifty day moving average price of $44.92 and a 200 day moving average price of $44.38.

Capital Group Dividend Value ETF 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.