LPL Financial LLC Buys 10,904,954 Shares of Capital Group Dividend Value ETF $CGDV

LPL Financial LLC grew its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 20.7% in the fourth quarter, HoldingsChannel reports. The fund owned 63,490,640 shares of the company’s stock after purchasing an additional 10,904,954 shares during the quarter. Capital Group Dividend Value ETF makes up about 0.8% of LPL Financial LLC’s portfolio, making the stock its 16th largest holding. LPL Financial LLC owned approximately 0.10% of Capital Group Dividend Value ETF worth $2,770,731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of CGDV. Pflug Koory LLC purchased a new stake in Capital Group Dividend Value ETF in the 4th quarter worth $25,000. Flagship Wealth Advisors LLC bought a new position in shares of Capital Group Dividend Value ETF during the fourth quarter valued at approximately $32,000. Bay Harbor Wealth Management LLC bought a new position in shares of Capital Group Dividend Value ETF during the fourth quarter valued at approximately $32,000. Tucker Asset Management LLC purchased a new position in Capital Group Dividend Value ETF in the fourth quarter worth $32,000. Finally, Triumph Capital Management purchased a new position in Capital Group Dividend Value ETF in the 3rd quarter worth $32,000.

Capital Group Dividend Value ETF Price Performance

NYSEARCA CGDV opened at $47.88 on Monday. The company has a market capitalization of $34.53 billion, a PE ratio of 26.59 and a beta of 0.89. The company has a fifty day moving average of $46.16 and a 200 day moving average of $44.89. Capital Group Dividend Value ETF has a 1 year low of $37.98 and a 1 year high of $49.10.

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