OakTrust Wealth Advisors LLC Increases Position in Capital Group Dividend Value ETF $CGDV

OakTrust Wealth Advisors LLC grew its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 101.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,401 shares of the company’s stock after purchasing an additional 22,372 shares during the period. Capital Group Dividend Value ETF makes up about 1.7% of OakTrust Wealth Advisors LLC’s holdings, making the stock its 16th largest holding. OakTrust Wealth Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $1,889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in CGDV. LPL Financial LLC boosted its position in shares of Capital Group Dividend Value ETF by 20.7% during the 4th quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock valued at $2,770,731,000 after acquiring an additional 10,904,954 shares during the last quarter. Raymond James Financial Inc. increased its position in Capital Group Dividend Value ETF by 6.6% during the fourth quarter. Raymond James Financial Inc. now owns 23,591,243 shares of the company’s stock worth $1,029,522,000 after purchasing an additional 1,465,566 shares during the last quarter. Capital International Investors raised its stake in Capital Group Dividend Value ETF by 1.8% during the fourth quarter. Capital International Investors now owns 22,899,119 shares of the company’s stock worth $999,318,000 after purchasing an additional 397,762 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Capital Group Dividend Value ETF by 12.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 18,754,937 shares of the company’s stock worth $818,465,000 after purchasing an additional 2,061,385 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in Capital Group Dividend Value ETF by 14.5% in the 4th quarter. Cetera Investment Advisers now owns 16,399,426 shares of the company’s stock valued at $715,671,000 after purchasing an additional 2,082,860 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Capital Group Dividend Value ETF stock opened at $49.26 on Tuesday. The firm has a 50 day simple moving average of $47.75 and a 200-day simple moving average of $45.50. The stock has a market cap of $35.53 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 1-year low of $39.36 and a 1-year high of $49.43.

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.