Capital Management Associates Inc Takes Position in Capital Group Dividend Value ETF $CGDV

Capital Management Associates Inc purchased a new stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 38,324 shares of the company’s stock, valued at approximately $1,672,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC purchased a new stake in Capital Group Dividend Value ETF during the first quarter worth approximately $236,000. Franklin Resources Inc. acquired a new position in shares of Capital Group Dividend Value ETF during the 2nd quarter valued at $226,000. Russell Investments Group Ltd. lifted its holdings in shares of Capital Group Dividend Value ETF by 24.9% during the 2nd 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 in the last quarter. Brown Advisory Inc. boosted its position in Capital Group Dividend Value ETF by 22.7% during the 2nd quarter. Brown Advisory Inc. now owns 22,270 shares of the company’s stock worth $879,000 after purchasing an additional 4,118 shares during the period. Finally, BlackDiamond Wealth Management LLC boosted its position in Capital Group Dividend Value ETF by 17.1% during the 2nd quarter. BlackDiamond Wealth Management LLC now owns 120,055 shares of the company’s stock worth $4,753,000 after purchasing an additional 17,555 shares during the period.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA CGDV opened at $42.69 on Monday. The stock has a fifty day moving average price of $44.39 and a 200 day moving average price of $43.56. Capital Group Dividend Value ETF has a 12-month low of $30.94 and a 12-month high of $46.01. The company has a market cap of $28.98 billion, a P/E ratio of 26.59 and a beta of 0.89.

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.