BetterWealth LLC Invests $6.47 Million in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

BetterWealth LLC bought a new stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 183,350 shares of the company’s stock, valued at approximately $6,465,000. Capital Group Dividend Value ETF comprises about 1.8% of BetterWealth LLC’s holdings, making the stock its 11th largest position.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Marshall Wace LLP acquired a new stake in Capital Group Dividend Value ETF during the 2nd quarter valued at approximately $1,789,000. Creative Planning lifted its position in Capital Group Dividend Value ETF by 27.8% during the second quarter. Creative Planning now owns 20,653 shares of the company’s stock valued at $682,000 after purchasing an additional 4,493 shares during the period. Gateway Wealth Partners LLC purchased a new stake in Capital Group Dividend Value ETF in the second quarter valued at $239,000. Truist Financial Corp raised its stake in shares of Capital Group Dividend Value ETF by 16.5% during the 2nd quarter. Truist Financial Corp now owns 660,615 shares of the company’s stock valued at $21,800,000 after buying an additional 93,773 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of Capital Group Dividend Value ETF by 17.0% during the 2nd quarter. Cetera Investment Advisers now owns 5,054,572 shares of the company’s stock valued at $166,801,000 after buying an additional 735,134 shares during the last quarter.

Capital Group Dividend Value ETF Stock Up 0.2 %

Shares of CGDV opened at $36.69 on Wednesday. The stock’s 50-day moving average price is $36.06 and its 200-day moving average price is $35.74. The company has a market capitalization of $8.36 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92. Capital Group Dividend Value ETF has a 52 week low of $29.85 and a 52 week high of $37.17.

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.