AA Financial Advisors LLC Boosts Stock Position in Capital Group Dividend Value ETF $CGDV

AA Financial Advisors LLC lifted its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 755,250 shares of the company’s stock after acquiring an additional 32,219 shares during the quarter. Capital Group Dividend Value ETF accounts for approximately 6.1% of AA Financial Advisors LLC’s investment portfolio, making the stock its 2nd largest holding. AA Financial Advisors LLC owned approximately 0.12% of Capital Group Dividend Value ETF worth $32,959,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. boosted its stake in shares of Capital Group Dividend Value ETF by 14.3% during the third quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock valued at $929,942,000 after purchasing an additional 2,772,053 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Capital Group Dividend Value ETF by 4.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 17,388,906 shares of the company’s stock worth $730,856,000 after acquiring an additional 668,214 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Capital Group Dividend Value ETF by 8.9% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 16,693,552 shares of the company’s stock worth $701,630,000 after acquiring an additional 1,365,491 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Capital Group Dividend Value ETF by 20.4% during the 3rd quarter. Bank of America Corp DE now owns 15,868,443 shares of the company’s stock worth $666,951,000 after purchasing an additional 2,688,496 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Capital Group Dividend Value ETF by 11.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 10,957,728 shares of the company’s stock worth $460,553,000 after purchasing an additional 1,093,062 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of CGDV stock opened at $41.70 on Monday. The stock’s 50-day moving average is $44.57 and its 200 day moving average is $43.54. Capital Group Dividend Value ETF has a 1-year low of $30.94 and a 1-year high of $46.01. The company has a market cap of $26.63 billion, a P/E ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Company 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.