Capital Group Dividend Value ETF $CGDV Shares Acquired by Kestra Investment Management LLC

Kestra Investment Management LLC increased its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 13.3% during the 4th quarter, Holdings Channel reports. The fund owned 2,045,637 shares of the company’s stock after purchasing an additional 240,184 shares during the quarter. Capital Group Dividend Value ETF makes up approximately 2.2% of Kestra Investment Management LLC’s investment portfolio, making the stock its 11th biggest position. Kestra Investment Management LLC’s holdings in Capital Group Dividend Value ETF were worth $89,272,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Axxcess Wealth Management LLC raised its stake in Capital Group Dividend Value ETF by 448.9% in the fourth quarter. Axxcess Wealth Management LLC now owns 3,520,015 shares of the company’s stock valued at $153,613,000 after buying an additional 2,878,723 shares in the last quarter. Raymond James Financial Inc. raised its stake in Capital Group Dividend Value ETF by 14.3% in the third quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock valued at $929,942,000 after buying an additional 2,772,053 shares in the last quarter. Bank of America Corp DE raised its stake in Capital Group Dividend Value ETF by 20.4% in the third quarter. Bank of America Corp DE now owns 15,868,443 shares of the company’s stock valued at $666,951,000 after buying an additional 2,688,496 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Capital Group Dividend Value ETF by 39.1% in the third quarter. Jones Financial Companies Lllp now owns 7,854,486 shares of the company’s stock valued at $328,634,000 after buying an additional 2,208,093 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV acquired a new stake in Capital Group Dividend Value ETF in the third quarter valued at $70,987,000.

Capital Group Dividend Value ETF Price Performance

Capital Group Dividend Value ETF stock opened at $47.98 on Tuesday. Capital Group Dividend Value ETF has a 1-year low of $36.10 and a 1-year high of $48.49. The stock has a market cap of $34.60 billion, a PE ratio of 26.59 and a beta of 0.89. The stock’s fifty day moving average is $45.21 and its two-hundred day moving average is $44.53.

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.