Cullen Frost Bankers Inc. Increases Stake in Capital Group Dividend Value ETF $CGDV

Cullen Frost Bankers Inc. increased its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 19.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 115,000 shares of the company’s stock after purchasing an additional 18,817 shares during the period. Cullen Frost Bankers Inc.’s holdings in Capital Group Dividend Value ETF were worth $5,019,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Pflug Koory LLC purchased a new position in shares of Capital Group Dividend Value ETF during the 4th quarter worth about $25,000. Triumph Capital Management purchased a new position in shares of Capital Group Dividend Value ETF during the 3rd quarter worth about $32,000. Bay Harbor Wealth Management LLC purchased a new position in shares of Capital Group Dividend Value ETF during the 4th quarter worth about $32,000. Tucker Asset Management LLC purchased a new position in shares of Capital Group Dividend Value ETF during the 4th quarter worth about $32,000. Finally, CoreCap Advisors LLC boosted its stake in shares of Capital Group Dividend Value ETF by 93.8% during the 4th quarter. CoreCap Advisors LLC now owns 849 shares of the company’s stock worth $37,000 after purchasing an additional 411 shares during the period.

Capital Group Dividend Value ETF Trading Up 0.9%

CGDV stock opened at $47.73 on Thursday. Capital Group Dividend Value ETF has a 12 month low of $36.10 and a 12 month high of $48.49. The company has a 50-day moving average price of $44.99 and a 200 day moving average price of $44.42. The stock has a market cap of $34.42 billion, a PE ratio of 26.59 and a beta of 0.89.

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. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.