Capital Group Dividend Value ETF $CGDV Shares Purchased by DMKC Advisory Services LLC

DMKC Advisory Services LLC boosted its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 1,272.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 610,433 shares of the company’s stock after acquiring an additional 565,965 shares during the period. Capital Group Dividend Value ETF makes up approximately 5.7% of DMKC Advisory Services LLC’s portfolio, making the stock its 6th largest position. DMKC Advisory Services LLC’s holdings in Capital Group Dividend Value ETF were worth $30,082,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its stake 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 worth $2,770,731,000 after acquiring an additional 10,904,954 shares in the last quarter. Axxcess Wealth Management LLC increased its stake 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 purchasing an additional 2,878,723 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of 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 valued at $929,942,000 after purchasing an additional 2,772,053 shares in the last quarter. Wells Fargo & Company MN raised its holdings 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 raised its holdings in Capital Group Dividend Value ETF by 20.4% in 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 during the period.

Capital Group Dividend Value ETF Trading Up 0.0%

Shares of CGDV stock opened at $51.09 on Thursday. Capital Group Dividend Value ETF has a 12-month low of $40.22 and a 12-month high of $51.49. The business’s 50 day moving average is $48.93 and its two-hundred day moving average is $46.50. The company has a market capitalization of $38.75 billion, a P/E ratio of 26.59 and a beta of 0.88.

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.