Farther Finance Advisors LLC Increases Stock Position in Capital Group Dividend Value ETF $CGDV

Farther Finance Advisors LLC increased its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 113.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 86,623 shares of the company’s stock after acquiring an additional 46,000 shares during the period. Farther Finance Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $3,780,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Lincoln Capital LLC raised its stake in Capital Group Dividend Value ETF by 1.4% during the 3rd quarter. Lincoln Capital LLC now owns 16,640 shares of the company’s stock valued at $705,000 after buying an additional 235 shares during the last quarter. Clark Capital Management Group Inc. raised its stake in Capital Group Dividend Value ETF by 2.4% during the 3rd quarter. Clark Capital Management Group Inc. now owns 9,984 shares of the company’s stock valued at $420,000 after buying an additional 238 shares during the last quarter. Cim LLC raised its stake in Capital Group Dividend Value ETF by 2.3% during the 3rd quarter. Cim LLC now owns 11,280 shares of the company’s stock valued at $474,000 after buying an additional 250 shares during the last quarter. GPS Wealth Strategies Group LLC raised its stake in Capital Group Dividend Value ETF by 2.0% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 13,083 shares of the company’s stock valued at $550,000 after buying an additional 252 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Capital Group Dividend Value ETF by 1.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 16,080 shares of the company’s stock valued at $635,000 after buying an additional 263 shares during the last quarter.

Capital Group Dividend Value ETF Trading Up 1.3%

Shares of CGDV opened at $45.98 on Friday. The firm has a market cap of $31.85 billion, a PE ratio of 26.59 and a beta of 0.90. The firm has a fifty day simple moving average of $44.36 and a two-hundred day simple moving average of $43.73. Capital Group Dividend Value ETF has a 1-year low of $32.51 and a 1-year high of $46.25.

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.