Avaii Wealth Management LLC Has $30.18 Million Position in Capital Group Dividend Value ETF $CGDV

Avaii Wealth Management LLC boosted its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 691,471 shares of the company’s stock after buying an additional 19,540 shares during the quarter. Capital Group Dividend Value ETF accounts for about 10.9% of Avaii Wealth Management LLC’s investment portfolio, making the stock its largest position. Avaii Wealth Management LLC owned approximately 0.11% of Capital Group Dividend Value ETF worth $30,176,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of CGDV. Raymond James Financial Inc. boosted its stake in shares of Capital Group Dividend Value ETF by 14.3% during the 3rd quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock worth $929,942,000 after acquiring an additional 2,772,053 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Capital Group Dividend Value ETF by 4.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 17,388,906 shares of the company’s stock worth $730,856,000 after acquiring an additional 668,214 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Capital Group Dividend Value ETF by 8.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 16,693,552 shares of the company’s stock worth $701,630,000 after purchasing an additional 1,365,491 shares during the period. Bank of America Corp DE raised its position in shares of Capital Group Dividend Value ETF by 20.4% during the third quarter. Bank of America Corp DE now owns 15,868,443 shares of the company’s stock worth $666,951,000 after purchasing an additional 2,688,496 shares during the period. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Capital Group Dividend Value ETF by 11.1% during the third quarter. Commonwealth Equity Services LLC now owns 10,957,728 shares of the company’s stock valued at $460,553,000 after purchasing an additional 1,093,062 shares during the last quarter.

Capital Group Dividend Value ETF Stock Down 2.0%

NYSEARCA:CGDV opened at $42.35 on Friday. Capital Group Dividend Value ETF has a 1-year low of $30.94 and a 1-year high of $46.01. The firm has a market capitalization of $27.04 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The stock has a fifty day simple moving average of $44.63 and a 200 day simple moving average of $43.52.

Capital Group Dividend Value ETF 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.