Avaii Wealth Management LLC Makes New Investment in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Avaii Wealth Management LLC bought a new position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 598,754 shares of the company’s stock, valued at approximately $21,340,000. Capital Group Dividend Value ETF makes up about 11.4% of Avaii Wealth Management LLC’s holdings, making the stock its biggest position. Avaii Wealth Management LLC owned approximately 0.15% of Capital Group Dividend Value ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Southland Equity Partners LLC raised its holdings in shares of Capital Group Dividend Value ETF by 80.6% during the first quarter. Southland Equity Partners LLC now owns 14,269 shares of the company’s stock valued at $509,000 after acquiring an additional 6,368 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Capital Group Dividend Value ETF by 5.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,619,216 shares of the company’s stock worth $57,709,000 after purchasing an additional 86,823 shares during the period. Goldstone Financial Group LLC grew its stake in shares of Capital Group Dividend Value ETF by 8.0% in the first quarter. Goldstone Financial Group LLC now owns 24,210 shares of the company’s stock worth $863,000 after acquiring an additional 1,789 shares during the last quarter. Sapient Capital LLC purchased a new stake in shares of Capital Group Dividend Value ETF in the first quarter worth $227,000. Finally, GPS Wealth Strategies Group LLC boosted its position in shares of Capital Group Dividend Value ETF by 110.8% during the first quarter. GPS Wealth Strategies Group LLC now owns 14,333 shares of the company’s stock valued at $511,000 after buying an additional 7,535 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Capital Group Dividend Value ETF stock opened at $38.35 on Friday. Capital Group Dividend Value ETF has a one year low of $30.94 and a one year high of $38.64. The stock has a market capitalization of $17.32 billion, a PE ratio of 26.38 and a beta of 0.90. The business’s fifty day moving average is $35.86 and its 200 day moving average is $36.02.

Capital Group Dividend Value ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 31st were given a $0.1067 dividend. The ex-dividend date of this dividend was Monday, March 31st.

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.