Kovack Advisors Inc. raised its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV – Free Report) by 234.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 228,180 shares of the company’s stock after buying an additional 159,897 shares during the period. Kovack Advisors Inc.’s holdings in Capital Group Dividend Value ETF were worth $9,958,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CGDV. Pflug Koory LLC purchased a new stake in Capital Group Dividend Value ETF in the 4th quarter valued at about $25,000. Triumph Capital Management purchased a new stake in Capital Group Dividend Value ETF in the 3rd quarter valued at about $32,000. Bay Harbor Wealth Management LLC purchased a new stake in Capital Group Dividend Value ETF in the 4th quarter valued at about $32,000. Tucker Asset Management LLC purchased a new stake in Capital Group Dividend Value ETF in the 4th quarter valued at about $32,000. Finally, Flagship Wealth Advisors LLC purchased a new stake in Capital Group Dividend Value ETF in the 4th quarter valued at about $32,000.
Capital Group Dividend Value ETF Stock Performance
NYSEARCA:CGDV opened at $48.23 on Friday. The firm has a market cap of $34.78 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 52 week low of $38.00 and a 52 week high of $49.10. The firm has a 50-day moving average price of $46.63 and a two-hundred day moving average price of $45.05.
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.
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