Delta Investment Management LLC Reduces Position in Capital Group Dividend Value ETF $CGDV

Delta Investment Management LLC trimmed its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 52.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,020 shares of the company’s stock after selling 195,893 shares during the period. Capital Group Dividend Value ETF accounts for approximately 1.3% of Delta Investment Management LLC’s holdings, making the stock its 17th largest position. Delta Investment Management LLC’s holdings in Capital Group Dividend Value ETF were worth $7,769,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Raymond James Financial Inc. raised its position in shares of Capital Group Dividend Value ETF by 14.3% during the 3rd quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock valued at $929,942,000 after purchasing an additional 2,772,053 shares during the period. Bank of America Corp DE grew its position in shares of Capital Group Dividend Value ETF by 20.4% during the third quarter. Bank of America Corp DE now owns 15,868,443 shares of the company’s stock valued at $666,951,000 after purchasing an additional 2,688,496 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Capital Group Dividend Value ETF by 39.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 7,854,486 shares of the company’s stock valued at $328,634,000 after buying an additional 2,208,093 shares in the last quarter. Mainstay Capital Management LLC ADV purchased a new position in shares of Capital Group Dividend Value ETF in the third quarter valued at $70,987,000. Finally, Merit Financial Group LLC increased its holdings in shares of Capital Group Dividend Value ETF by 465.5% in the 3rd quarter. Merit Financial Group LLC now owns 1,690,161 shares of the company’s stock worth $71,037,000 after buying an additional 1,391,257 shares during the last quarter.

Capital Group Dividend Value ETF Stock Up 0.1%

NYSEARCA CGDV traded up $0.03 during trading hours on Thursday, hitting $45.98. 366,310 shares of the company were exchanged, compared to its average volume of 4,971,749. The stock has a market cap of $32.40 billion, a PE ratio of 26.59 and a beta of 0.90. The stock has a 50-day moving average price of $44.43 and a 200 day moving average price of $43.95. Capital Group Dividend Value ETF has a 52 week low of $35.13 and a 52 week high of $46.28.

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.