Core Wealth Advisors Inc. Boosts Position in Capital Group Dividend Value ETF $CGDV

Core Wealth Advisors Inc. raised its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 4.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 556,609 shares of the company’s stock after acquiring an additional 25,022 shares during the period. Capital Group Dividend Value ETF makes up 5.7% of Core Wealth Advisors Inc.’s holdings, making the stock its 3rd biggest holding. Core Wealth Advisors Inc.’s holdings in Capital Group Dividend Value ETF were worth $23,678,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. LPL Financial LLC lifted its position in shares of Capital Group Dividend Value ETF by 20.7% during the fourth quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock worth $2,770,731,000 after purchasing an additional 10,904,954 shares during the last quarter. Raymond James Financial Inc. increased its holdings in Capital Group Dividend Value ETF by 6.6% in the fourth quarter. Raymond James Financial Inc. now owns 23,591,243 shares of the company’s stock valued at $1,029,522,000 after buying an additional 1,465,566 shares during the last quarter. Capital International Investors increased its holdings in Capital Group Dividend Value ETF by 1.8% in the fourth quarter. Capital International Investors now owns 22,899,119 shares of the company’s stock valued at $999,318,000 after buying an additional 397,762 shares during the last quarter. 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 valued at $818,465,000 after buying an additional 2,061,385 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in Capital Group Dividend Value ETF by 12.0% during the first quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock valued at $781,004,000 after buying an additional 1,959,868 shares in the last quarter.

Capital Group Dividend Value ETF Stock Up 0.3%

NYSEARCA:CGDV opened at $49.11 on Wednesday. The business’s 50 day moving average is $48.70 and its two-hundred day moving average is $46.27. Capital Group Dividend Value ETF has a 52 week low of $39.87 and a 52 week high of $49.55. The company has a market cap of $37.34 billion, a PE 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.