Kingsview Wealth Management LLC Purchases 110,016 Shares of Capital Group Dividend Value ETF $CGDV

Kingsview Wealth Management LLC boosted its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 31.9% during the 4th quarter, HoldingsChannel reports. The fund owned 454,659 shares of the company’s stock after buying an additional 110,016 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Capital Group Dividend Value ETF were worth $19,841,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pflug Koory LLC bought a new position in Capital Group Dividend Value ETF during the fourth quarter valued at about $25,000. Bay Harbor Wealth Management LLC bought a new position in Capital Group Dividend Value ETF during the fourth quarter valued at about $32,000. Tucker Asset Management LLC bought a new position in Capital Group Dividend Value ETF during the fourth quarter valued at about $32,000. Triumph Capital Management bought a new position in Capital Group Dividend Value ETF during the third quarter valued at about $32,000. Finally, CoreCap Advisors LLC increased its stake in Capital Group Dividend Value ETF by 93.8% during the fourth quarter. CoreCap Advisors LLC now owns 849 shares of the company’s stock valued at $37,000 after acquiring an additional 411 shares during the period.

Capital Group Dividend Value ETF Trading Up 0.1%

CGDV stock opened at $48.25 on Thursday. Capital Group Dividend Value ETF has a 1-year low of $36.72 and a 1-year high of $48.49. The firm has a market cap of $34.80 billion, a P/E ratio of 26.59 and a beta of 0.89. The business’s 50 day moving average is $45.39 and its 200-day moving average is $44.61.

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.