Envestnet Portfolio Solutions Inc. Buys 36,434 Shares of Capital Group Dividend Value ETF $CGDV

Envestnet Portfolio Solutions Inc. boosted its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 18.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 239,192 shares of the company’s stock after purchasing an additional 36,434 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Capital Group Dividend Value ETF were worth $10,438,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Pflug Koory LLC bought a new position in Capital Group Dividend Value ETF in the 4th quarter valued at about $25,000. Bay Harbor Wealth Management LLC bought a new position in Capital Group Dividend Value ETF in the 4th quarter valued at about $32,000. Tucker Asset Management LLC bought a new position in Capital Group Dividend Value ETF in the 4th quarter valued at about $32,000. Triumph Capital Management bought a new position in Capital Group Dividend Value ETF in the 3rd quarter valued at about $32,000. Finally, CoreCap Advisors LLC lifted its position in Capital Group Dividend Value ETF by 93.8% in the 4th quarter. CoreCap Advisors LLC now owns 849 shares of the company’s stock valued at $37,000 after acquiring an additional 411 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA CGDV opened at $47.30 on Wednesday. Capital Group Dividend Value ETF has a fifty-two week low of $36.10 and a fifty-two week high of $48.49. The stock has a market cap of $34.11 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The firm’s 50-day simple moving average is $44.92 and its 200 day simple moving average is $44.38.

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.