Freestate Advisors LLC Takes $566,000 Position in Capital Group Dividend Value ETF $CGDV

Freestate Advisors LLC bought a new position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 14,321 shares of the company’s stock, valued at approximately $566,000. Capital Group Dividend Value ETF accounts for 0.5% of Freestate Advisors LLC’s portfolio, making the stock its 23rd biggest position.

Several other institutional investors have also added to or reduced their stakes in CGDV. Kerntke Otto McGlone Wealth Management Group grew its stake in shares of Capital Group Dividend Value ETF by 28.2% during the second quarter. Kerntke Otto McGlone Wealth Management Group now owns 31,806 shares of the company’s stock valued at $1,256,000 after buying an additional 6,993 shares during the last quarter. Essex Financial Services Inc. boosted its holdings in Capital Group Dividend Value ETF by 1.5% during the 2nd quarter. Essex Financial Services Inc. now owns 223,224 shares of the company’s stock valued at $8,815,000 after acquiring an additional 3,401 shares during the period. Perigon Wealth Management LLC grew its position in Capital Group Dividend Value ETF by 3.9% during the 2nd quarter. Perigon Wealth Management LLC now owns 51,135 shares of the company’s stock worth $2,019,000 after acquiring an additional 1,896 shares during the last quarter. Magnus Financial Group LLC increased its stake in Capital Group Dividend Value ETF by 106.3% in the 2nd quarter. Magnus Financial Group LLC now owns 229,373 shares of the company’s stock worth $9,058,000 after purchasing an additional 118,169 shares during the period. Finally, Avaii Wealth Management LLC lifted its position in Capital Group Dividend Value ETF by 7.4% in the second quarter. Avaii Wealth Management LLC now owns 643,338 shares of the company’s stock valued at $25,405,000 after purchasing an additional 44,584 shares during the last quarter.

Capital Group Dividend Value ETF Stock Performance

NYSEARCA:CGDV opened at $41.59 on Friday. Capital Group Dividend Value ETF has a fifty-two week low of $30.94 and a fifty-two week high of $42.32. The firm has a market cap of $20.41 billion, a PE ratio of 26.59 and a beta of 0.91. The business has a 50 day moving average price of $41.25 and a 200-day moving average price of $38.26.

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.