Midwest Financial Group LLC Purchases New Shares in Capital Group Dividend Value ETF $CGDV

Midwest Financial Group LLC purchased a new position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 19,102 shares of the company’s stock, valued at approximately $813,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CGDV. LPL Financial LLC boosted its holdings in shares of Capital Group Dividend Value ETF by 20.7% in the fourth quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock worth $2,770,731,000 after buying an additional 10,904,954 shares during the period. Axxcess Wealth Management LLC lifted its position in shares of Capital Group Dividend Value ETF by 448.9% in the 4th quarter. Axxcess Wealth Management LLC now owns 3,520,015 shares of the company’s stock valued at $153,613,000 after acquiring an additional 2,878,723 shares in the last quarter. Raymond James Financial Inc. boosted its stake in Capital Group Dividend Value ETF by 14.3% in the 3rd quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock worth $929,942,000 after purchasing an additional 2,772,053 shares during the period. Wells Fargo & Company MN boosted its stake in Capital Group Dividend Value ETF by 20.1% in the 4th quarter. Wells Fargo & Company MN now owns 16,311,223 shares of the company’s stock worth $711,822,000 after purchasing an additional 2,729,408 shares during the period. Finally, Bank of America Corp DE grew its position 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.

Capital Group Dividend Value ETF Stock Down 0.6%

Shares of NYSEARCA:CGDV opened at $48.49 on Friday. The company’s fifty day moving average is $47.67 and its two-hundred day moving average is $45.44. The company has a market cap of $34.97 billion, a P/E ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 12-month low of $39.23 and a 12-month high of $49.43.

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.