Capital Group Dividend Value ETF $CGDV is Johnson Bixby & Associates LLC’s Largest Position

Johnson Bixby & Associates LLC grew its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 1.9% during the first quarter, Holdings Channel reports. The institutional investor owned 2,109,708 shares of the company’s stock after acquiring an additional 38,580 shares during the quarter. Capital Group Dividend Value ETF comprises 11.1% of Johnson Bixby & Associates LLC’s investment portfolio, making the stock its largest holding. Johnson Bixby & Associates LLC’s holdings in Capital Group Dividend Value ETF were worth $89,747,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CGDV. Pflug Koory LLC bought a new position in shares of Capital Group Dividend Value ETF during the 4th quarter worth approximately $25,000. Triumph Capital Management acquired a new stake in Capital Group Dividend Value ETF in the third quarter valued at approximately $32,000. Bay Harbor Wealth Management LLC purchased a new position in Capital Group Dividend Value ETF in the fourth quarter worth $32,000. Tucker Asset Management LLC purchased a new position in Capital Group Dividend Value ETF in the fourth quarter worth $32,000. Finally, Flagship Wealth Advisors LLC acquired a new position in shares of Capital Group Dividend Value ETF during the fourth quarter worth $32,000.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV opened at $48.99 on Monday. Capital Group Dividend Value ETF has a 12 month low of $38.00 and a 12 month high of $49.43. The stock has a fifty day moving average price of $47.32 and a 200-day moving average price of $45.28. The firm has a market cap of $35.33 billion, a PE ratio of 26.59 and a beta of 0.89.

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.