Stratos Wealth Partners LTD. Boosts Stake in Capital Group Dividend Value ETF $CGDV

Stratos Wealth Partners LTD. lifted its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 49.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 245,973 shares of the company’s stock after purchasing an additional 81,269 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Capital Group Dividend Value ETF were worth $10,734,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CGDV. AQR Capital Management LLC acquired a new position in Capital Group Dividend Value ETF during the first quarter worth approximately $236,000. Franklin Resources Inc. acquired a new stake in shares of Capital Group Dividend Value ETF in the second quarter valued at approximately $226,000. Russell Investments Group Ltd. boosted its holdings in shares of Capital Group Dividend Value ETF by 24.9% in the second quarter. Russell Investments Group Ltd. now owns 4,638 shares of the company’s stock valued at $183,000 after acquiring an additional 925 shares during the period. Beacon Pointe Advisors LLC purchased a new position in shares of Capital Group Dividend Value ETF during the second quarter worth approximately $1,479,000. Finally, Brown Advisory Inc. grew its position in shares of Capital Group Dividend Value ETF by 22.7% during the second quarter. Brown Advisory Inc. now owns 22,270 shares of the company’s stock worth $879,000 after acquiring an additional 4,118 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of Capital Group Dividend Value ETF stock opened at $42.69 on Friday. The firm’s fifty day simple moving average is $44.39 and its 200-day simple moving average is $43.55. Capital Group Dividend Value ETF has a 12 month low of $30.94 and a 12 month high of $46.01. The stock has a market capitalization of $28.98 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89.

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.