Capital Group Dividend Value ETF $CGDV Shares Bought by Western Wealth Management LLC

Western Wealth Management LLC increased its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 8.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,124,695 shares of the company’s stock after buying an additional 88,340 shares during the quarter. Capital Group Dividend Value ETF accounts for about 1.7% of Western Wealth Management LLC’s portfolio, making the stock its 7th biggest holding. Western Wealth Management LLC’s holdings in Capital Group Dividend Value ETF were worth $47,845,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Armstrong Fleming & Moore Inc raised its stake in shares of Capital Group Dividend Value ETF by 22.0% during the 4th quarter. Armstrong Fleming & Moore Inc now owns 250,179 shares of the company’s stock valued at $10,918,000 after purchasing an additional 45,077 shares during the period. Richards Merrill & Peterson Inc. boosted its stake in Capital Group Dividend Value ETF by 72.6% in the 1st quarter. Richards Merrill & Peterson Inc. now owns 59,315 shares of the company’s stock worth $2,523,000 after purchasing an additional 24,945 shares during the period. Kaizen Financial Strategies boosted its stake in Capital Group Dividend Value ETF by 5.0% in the 4th quarter. Kaizen Financial Strategies now owns 304,926 shares of the company’s stock worth $13,307,000 after purchasing an additional 14,641 shares during the period. Stratos Wealth Partners LTD. grew its holdings in Capital Group Dividend Value ETF by 49.3% during the 4th quarter. Stratos Wealth Partners LTD. now owns 245,973 shares of the company’s stock valued at $10,734,000 after buying an additional 81,269 shares in the last quarter. Finally, Merit Financial Group LLC grew its holdings in Capital Group Dividend Value ETF by 3.8% during the 4th quarter. Merit Financial Group LLC now owns 1,754,850 shares of the company’s stock valued at $76,582,000 after buying an additional 64,689 shares in the last quarter.

Capital Group Dividend Value ETF Stock Up 1.6%

Shares of CGDV opened at $49.23 on Friday. The business’s 50-day moving average price is $48.74 and its 200-day moving average price is $46.33. Capital Group Dividend Value ETF has a twelve month low of $39.87 and a twelve month high of $49.55. The stock has a market cap of $37.05 billion, a PE ratio of 26.59 and a beta of 0.88.

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.