Modern Wealth Management LLC Has $19.51 Million Stake in Capital Group Dividend Value ETF $CGDV

Modern Wealth Management LLC lowered its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 25.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 455,945 shares of the company’s stock after selling 156,299 shares during the period. Modern Wealth Management LLC owned 0.06% of Capital Group Dividend Value ETF worth $19,510,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Greenline Wealth Management LLC grew its holdings in Capital Group Dividend Value ETF by 3.4% in the 1st quarter. Greenline Wealth Management LLC now owns 143,828 shares of the company’s stock valued at $6,118,000 after buying an additional 4,783 shares in the last quarter. American Financial Advisors LLC acquired a new stake in shares of Capital Group Dividend Value ETF during the first quarter worth $260,000. Sei Investments Co. lifted its holdings in shares of Capital Group Dividend Value ETF by 12.2% during the first quarter. Sei Investments Co. now owns 1,842,457 shares of the company’s stock worth $78,378,000 after buying an additional 200,755 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Capital Group Dividend Value ETF by 12.0% in the first quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock valued at $781,004,000 after acquiring an additional 1,959,868 shares during the period. Finally, Wealthspire Retirement LLC boosted its position in shares of Capital Group Dividend Value ETF by 34.9% in the first quarter. Wealthspire Retirement LLC now owns 10,542 shares of the company’s stock valued at $448,000 after acquiring an additional 2,725 shares during the period.

Capital Group Dividend Value ETF Stock Performance

CGDV stock opened at $48.71 on Friday. The company’s 50-day simple moving average is $48.61 and its 200 day simple moving average is $46.17. Capital Group Dividend Value ETF has a 52 week low of $39.87 and a 52 week high of $49.55. The company has a market capitalization of $36.56 billion, a PE ratio of 26.59 and a beta of 0.88.

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.