Sittner & Nelson LLC Purchases 14,618 Shares of Capital Group Dividend Value ETF $CGDV

Sittner & Nelson LLC boosted its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 9.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 171,112 shares of the company’s stock after acquiring an additional 14,618 shares during the quarter. Capital Group Dividend Value ETF comprises about 2.8% of Sittner & Nelson LLC’s investment portfolio, making the stock its 5th biggest holding. Sittner & Nelson LLC’s holdings in Capital Group Dividend Value ETF were worth $7,780,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of CGDV. AQR Capital Management LLC bought a new stake in shares of Capital Group Dividend Value ETF in the 1st quarter worth approximately $236,000. Franklin Resources Inc. bought a new stake in Capital Group Dividend Value ETF during the second quarter worth approximately $226,000. Russell Investments Group Ltd. boosted its holdings in Capital Group Dividend Value ETF by 24.9% during the second quarter. Russell Investments Group Ltd. now owns 4,638 shares of the company’s stock worth $183,000 after buying an additional 925 shares in the last quarter. Brown Advisory Inc. grew its position in Capital Group Dividend Value ETF by 22.7% in the second quarter. Brown Advisory Inc. now owns 22,270 shares of the company’s stock worth $879,000 after buying an additional 4,118 shares during the last quarter. Finally, Sei Investments Co. grew its position in Capital Group Dividend Value ETF by 21.1% in the second quarter. Sei Investments Co. now owns 1,169,992 shares of the company’s stock worth $46,203,000 after buying an additional 203,772 shares during the last quarter.

Capital Group Dividend Value ETF Stock Performance

NYSEARCA CGDV opened at $48.70 on Thursday. The stock has a market capitalization of $35.12 billion, a P/E ratio of 26.59 and a beta of 0.89. The business’s fifty day moving average is $45.94 and its two-hundred day moving average is $44.81. Capital Group Dividend Value ETF has a 1 year low of $37.74 and a 1 year high of $49.06.

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.