Bank of New York Mellon Corp Sells 137,992 Shares of Capital Group Dividend Value ETF $CGDV

Bank of New York Mellon Corp cut its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 12.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 994,819 shares of the company’s stock after selling 137,992 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.14% of Capital Group Dividend Value ETF worth $42,320,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Pflug Koory LLC purchased a new stake in shares of Capital Group Dividend Value ETF in the 4th quarter valued at about $25,000. Bay Harbor Wealth Management LLC purchased a new position in shares of Capital Group Dividend Value ETF during the fourth quarter worth about $32,000. Tucker Asset Management LLC purchased a new position in shares of Capital Group Dividend Value ETF during the fourth quarter worth about $32,000. Flagship Wealth Advisors LLC bought a new position in shares of Capital Group Dividend Value ETF in the fourth quarter worth approximately $32,000. Finally, Triumph Capital Management bought a new position in shares of Capital Group Dividend Value ETF in the third quarter worth approximately $32,000.

Capital Group Dividend Value ETF Price Performance

Shares of Capital Group Dividend Value ETF stock opened at $48.85 on Friday. Capital Group Dividend Value ETF has a 1 year low of $39.87 and a 1 year high of $49.55. The firm has a market cap of $36.67 billion, a PE ratio of 26.59 and a beta of 0.88. The company has a 50 day simple moving average of $48.63 and a two-hundred day simple moving average of $46.18.

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.