Financial Council LLC Has $3.06 Million Stake in Capital Group Dividend Value ETF $CGDV

Financial Council LLC raised its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 26.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,826 shares of the company’s stock after purchasing an additional 14,853 shares during the period. Capital Group Dividend Value ETF makes up about 1.2% of Financial Council LLC’s portfolio, making the stock its 20th largest holding. Financial Council LLC’s holdings in Capital Group Dividend Value ETF were worth $3,055,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. LPL Financial LLC raised its position in shares of Capital Group Dividend Value ETF by 20.7% in the fourth quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock valued at $2,770,731,000 after buying an additional 10,904,954 shares in the last quarter. Axxcess Wealth Management LLC grew its position in Capital Group Dividend Value ETF by 448.9% during the fourth quarter. Axxcess Wealth Management LLC now owns 3,520,015 shares of the company’s stock worth $153,613,000 after buying an additional 2,878,723 shares in the last quarter. Raymond James Financial Inc. increased its stake in 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 worth $929,942,000 after acquiring an additional 2,772,053 shares during the period. Wells Fargo & Company MN increased its stake in Capital Group Dividend Value ETF by 20.1% during the 4th quarter. Wells Fargo & Company MN now owns 16,311,223 shares of the company’s stock worth $711,822,000 after acquiring an additional 2,729,408 shares during the period. Finally, Bank of America Corp DE raised its holdings in Capital Group Dividend Value ETF by 20.4% in the 3rd quarter. Bank of America Corp DE now owns 15,868,443 shares of the company’s stock valued at $666,951,000 after acquiring an additional 2,688,496 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

NYSEARCA:CGDV opened at $48.77 on Friday. The stock has a fifty day moving average price of $47.61 and a 200-day moving average price of $45.42. The company has a market cap of $35.17 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a fifty-two week low of $39.04 and a fifty-two week high of $49.43.

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.