Cwm LLC Raises Position in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Cwm LLC boosted its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 2,176.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 362,419 shares of the company’s stock after buying an additional 346,498 shares during the period. Cwm LLC’s holdings in Capital Group Dividend Value ETF were worth $10,815,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Geneos Wealth Management Inc. increased its stake in shares of Capital Group Dividend Value ETF by 143.3% in the 3rd quarter. Geneos Wealth Management Inc. now owns 3,711 shares of the company’s stock worth $98,000 after acquiring an additional 2,186 shares during the last quarter. Ronald Blue Trust Inc. purchased a new position in Capital Group Dividend Value ETF during the third quarter worth about $32,000. DAVENPORT & Co LLC boosted its holdings in Capital Group Dividend Value ETF by 102.7% in the 3rd quarter. DAVENPORT & Co LLC now owns 55,654 shares of the company’s stock valued at $1,473,000 after purchasing an additional 28,196 shares during the last quarter. Founders Financial Securities LLC grew its stake in shares of Capital Group Dividend Value ETF by 25.5% in the 3rd quarter. Founders Financial Securities LLC now owns 43,702 shares of the company’s stock valued at $1,157,000 after buying an additional 8,887 shares during the period. Finally, Cedar Brook Financial Partners LLC grew its stake in shares of Capital Group Dividend Value ETF by 12.1% in the 3rd quarter. Cedar Brook Financial Partners LLC now owns 91,288 shares of the company’s stock valued at $2,416,000 after buying an additional 9,866 shares during the period.

Capital Group Dividend Value ETF Stock Performance

CGDV stock opened at $31.35 on Tuesday. Capital Group Dividend Value ETF has a one year low of $24.86 and a one year high of $32.74. The firm has a market cap of $6.89 billion, a PE ratio of 21.74 and a beta of 0.91. The firm’s 50 day moving average price is $31.60 and its 200-day moving average price is $29.57.

About Capital Group Dividend Value ETF

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.