Clg LLC Cuts Stake in Capital Group Dividend Value ETF $CGDV

Clg LLC cut its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 26.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 216,540 shares of the company’s stock after selling 78,677 shares during the period. Capital Group Dividend Value ETF accounts for approximately 2.3% of Clg LLC’s investment portfolio, making the stock its 11th biggest holding. Clg LLC’s holdings in Capital Group Dividend Value ETF were worth $9,212,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CGDV. Pflug Koory LLC purchased a new stake in Capital Group Dividend Value ETF in the fourth quarter valued at about $25,000. Triumph Capital Management purchased a new stake in shares of Capital Group Dividend Value ETF during the third quarter worth about $32,000. Bay Harbor Wealth Management LLC purchased a new stake in shares of Capital Group Dividend Value ETF during the fourth quarter worth about $32,000. Tucker Asset Management LLC acquired a new position in shares of Capital Group Dividend Value ETF during the fourth quarter valued at about $32,000. Finally, Flagship Wealth Advisors LLC acquired a new position in shares of Capital Group Dividend Value ETF during the fourth quarter valued at about $32,000.

Capital Group Dividend Value ETF Stock Down 0.7%

Shares of Capital Group Dividend Value ETF stock opened at $48.71 on Friday. The firm has a market capitalization of $36.56 billion, a P/E ratio of 26.59 and a beta of 0.88. The company has a 50 day moving average price of $48.61 and a 200 day moving average price of $46.17. Capital Group Dividend Value ETF has a 52 week low of $39.87 and a 52 week high of $49.55.

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.