Fifth Third Bancorp Acquires 90,367 Shares of Capital Group Dividend Value ETF $CGDV

Fifth Third Bancorp boosted its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 5,976.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 91,879 shares of the company’s stock after buying an additional 90,367 shares during the quarter. Fifth Third Bancorp’s holdings in Capital Group Dividend Value ETF were worth $3,909,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC grew its holdings in Capital Group Dividend Value ETF by 20.7% in the fourth quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock worth $2,770,731,000 after purchasing an additional 10,904,954 shares during the period. Raymond James Financial Inc. raised its position in Capital Group Dividend Value ETF by 6.6% in the fourth quarter. Raymond James Financial Inc. now owns 23,591,243 shares of the company’s stock worth $1,029,522,000 after acquiring an additional 1,465,566 shares during the period. Capital International Investors lifted its position in shares of Capital Group Dividend Value ETF by 1.8% during the 4th quarter. Capital International Investors now owns 22,899,119 shares of the company’s stock valued at $999,318,000 after buying an additional 397,762 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Capital Group Dividend Value ETF by 12.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 18,754,937 shares of the company’s stock worth $818,465,000 after buying an additional 2,061,385 shares during the period. Finally, Cetera Investment Advisers increased its position in shares of Capital Group Dividend Value ETF by 14.5% during the fourth quarter. Cetera Investment Advisers now owns 16,399,426 shares of the company’s stock valued at $715,671,000 after buying an additional 2,082,860 shares during the period.

Capital Group Dividend Value ETF Stock Down 0.9%

Shares of NYSEARCA CGDV opened at $48.79 on Friday. The stock’s 50-day simple moving average is $48.53 and its two-hundred day simple moving average is $46.01. The firm has a market capitalization of $36.51 billion, a P/E ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a twelve month low of $39.87 and a twelve month high of $49.55.

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.