BIP Wealth LLC Grows Stock Position in Capital Group Dividend Value ETF $CGDV

BIP Wealth LLC increased its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 12,360.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 629,240 shares of the company’s stock after buying an additional 624,190 shares during the quarter. Capital Group Dividend Value ETF comprises approximately 1.0% of BIP Wealth LLC’s portfolio, making the stock its 18th largest position. BIP Wealth LLC owned about 0.10% of Capital Group Dividend Value ETF worth $27,460,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Pflug Koory LLC purchased a new stake in shares of Capital Group Dividend Value ETF during the 4th quarter valued at approximately $25,000. Triumph Capital Management purchased a new stake in shares of Capital Group Dividend Value ETF during the 3rd quarter valued at approximately $32,000. CoreCap Advisors LLC raised its position in shares of Capital Group Dividend Value ETF by 93.8% during the 4th quarter. CoreCap Advisors LLC now owns 849 shares of the company’s stock valued at $37,000 after buying an additional 411 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of Capital Group Dividend Value ETF by 38,200.0% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,149 shares of the company’s stock valued at $48,000 after buying an additional 1,146 shares during the period. Finally, Huntington National Bank purchased a new stake in shares of Capital Group Dividend Value ETF during the 3rd quarter valued at approximately $49,000.

Capital Group Dividend Value ETF Stock Up 0.4%

Shares of NYSEARCA CGDV opened at $43.11 on Wednesday. The firm has a market cap of $29.26 billion, a price-to-earnings ratio of 26.59 and a beta of 0.90. Capital Group Dividend Value ETF has a 52-week low of $31.50 and a 52-week high of $46.01. The business’s 50 day moving average is $44.32 and its two-hundred day moving average is $43.57.

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.