DAVENPORT & Co LLC Acquires 116,006 Shares of Capital Group Dividend Value ETF $CGDV

DAVENPORT & Co LLC lifted its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 47.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 362,800 shares of the company’s stock after acquiring an additional 116,006 shares during the period. DAVENPORT & Co LLC owned approximately 0.06% of Capital Group Dividend Value ETF worth $15,833,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Triumph Capital Management acquired a new stake in Capital Group Dividend Value ETF in the 3rd quarter worth about $32,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Capital Group Dividend Value ETF by 38,200.0% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,149 shares of the company’s stock valued at $48,000 after purchasing an additional 1,146 shares during the period. Huntington National Bank acquired a new position in shares of Capital Group Dividend Value ETF during the 3rd quarter worth approximately $49,000. Banco de Sabadell S.A bought a new position in shares of Capital Group Dividend Value ETF during the second quarter worth approximately $47,000. Finally, CENTRAL TRUST Co bought a new position in shares of Capital Group Dividend Value ETF during the third quarter worth approximately $52,000.

Capital Group Dividend Value ETF Trading Up 0.7%

NYSEARCA CGDV opened at $43.23 on Thursday. The company has a market cap of $27.61 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The company has a 50 day moving average of $44.67 and a 200-day moving average of $43.52. Capital Group Dividend Value ETF has a 1-year low of $30.94 and a 1-year high of $46.01.

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.