Valmark Advisers Inc. Boosts Stock Position in Capital Group Dividend Value ETF $CGDV

Valmark Advisers Inc. lifted its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 58.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,680,301 shares of the company’s stock after buying an additional 619,097 shares during the period. Capital Group Dividend Value ETF accounts for approximately 0.8% of Valmark Advisers Inc.’s holdings, making the stock its 25th largest holding. Valmark Advisers Inc.’s holdings in Capital Group Dividend Value ETF were worth $71,480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pflug Koory LLC acquired a new stake in Capital Group Dividend Value ETF in the 4th quarter valued at $25,000. Triumph Capital Management acquired a new position in Capital Group Dividend Value ETF during the third quarter worth $32,000. Bay Harbor Wealth Management LLC acquired a new position in Capital Group Dividend Value ETF during the fourth quarter worth $32,000. Tucker Asset Management LLC purchased a new position in Capital Group Dividend Value ETF during the fourth quarter valued at $32,000. Finally, Flagship Wealth Advisors LLC purchased a new position in Capital Group Dividend Value ETF during the fourth quarter valued at $32,000.

Capital Group Dividend Value ETF Stock Up 0.7%

Shares of NYSEARCA CGDV traded up $0.36 during trading on Friday, hitting $49.50. The company had a trading volume of 3,411,637 shares, compared to its average volume of 4,542,946. The stock has a fifty day simple moving average of $48.32 and a two-hundred day simple moving average of $45.83. Capital Group Dividend Value ETF has a fifty-two week low of $39.87 and a fifty-two week high of $49.55. The firm has a market capitalization of $36.89 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88.

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.