Capital Group Dividend Value ETF $CGDV Shares Acquired by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. grew its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 6.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,788,946 shares of the company’s stock after acquiring an additional 363,026 shares during the quarter. Capital Group Dividend Value ETF comprises approximately 10.5% of Confluence Wealth Services Inc.’s portfolio, making the stock its biggest position. Confluence Wealth Services Inc. owned approximately 0.92% of Capital Group Dividend Value ETF worth $252,630,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CGDV. Raymond James Financial Inc. raised 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 worth $929,942,000 after purchasing an additional 2,772,053 shares during the last quarter. Bank of America Corp DE raised its position in Capital Group Dividend Value ETF by 20.4% in the third quarter. Bank of America Corp DE now owns 15,868,443 shares of the company’s stock worth $666,951,000 after acquiring an additional 2,688,496 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Capital Group Dividend Value ETF by 39.1% in the third quarter. Jones Financial Companies Lllp now owns 7,854,486 shares of the company’s stock valued at $328,634,000 after purchasing an additional 2,208,093 shares during the last quarter. Mainstay Capital Management LLC ADV acquired a new stake in Capital Group Dividend Value ETF in the third quarter valued at $70,987,000. Finally, Merit Financial Group LLC grew its holdings in Capital Group Dividend Value ETF by 465.5% in the third quarter. Merit Financial Group LLC now owns 1,690,161 shares of the company’s stock valued at $71,037,000 after purchasing an additional 1,391,257 shares during the last quarter.

Capital Group Dividend Value ETF Stock Up 0.7%

CGDV opened at $45.84 on Thursday. The firm has a market cap of $31.97 billion, a P/E ratio of 26.59 and a beta of 0.90. Capital Group Dividend Value ETF has a 52 week low of $33.75 and a 52 week high of $46.24. The business’s fifty day simple moving average is $44.37 and its 200 day simple moving average is $43.81.

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.