43,660 Shares in Capital Group Dividend Value ETF $CGDV Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans acquired a new stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 43,660 shares of the company’s stock, valued at approximately $1,905,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CGDV. AQR Capital Management LLC bought a new stake in Capital Group Dividend Value ETF in the first quarter valued at approximately $236,000. Franklin Resources Inc. bought a new stake in Capital Group Dividend Value ETF in the second quarter valued at approximately $226,000. Russell Investments Group Ltd. raised its stake in Capital Group Dividend Value ETF by 24.9% in the second quarter. Russell Investments Group Ltd. now owns 4,638 shares of the company’s stock valued at $183,000 after buying an additional 925 shares during the period. Brown Advisory Inc. raised its stake in Capital Group Dividend Value ETF by 22.7% in the second quarter. Brown Advisory Inc. now owns 22,270 shares of the company’s stock valued at $879,000 after buying an additional 4,118 shares during the period. Finally, Sei Investments Co. raised its stake in Capital Group Dividend Value ETF by 21.1% in the second quarter. Sei Investments Co. now owns 1,169,992 shares of the company’s stock valued at $46,203,000 after buying an additional 203,772 shares during the period.

Capital Group Dividend Value ETF Stock Up 0.5%

NYSEARCA:CGDV opened at $48.20 on Wednesday. The stock’s 50 day moving average price is $45.30 and its two-hundred day moving average price is $44.57. The firm has a market capitalization of $34.76 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 12-month low of $36.68 and a 12-month high of $48.49.

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.