Independent Wealth Network Inc. Takes $1.17 Million Position in Capital Group Dividend Value ETF $CGDV

Independent Wealth Network Inc. acquired a new position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the first quarter, HoldingsChannel.com reports. The fund acquired 27,408 shares of the company’s stock, valued at approximately $1,166,000.

Several other large investors have also added to or reduced their stakes in the business. Pflug Koory LLC bought a new stake in Capital Group Dividend Value ETF during the 4th quarter worth about $25,000. Triumph Capital Management bought a new position in shares of Capital Group Dividend Value ETF in the 3rd quarter valued at about $32,000. Bay Harbor Wealth Management LLC bought a new position in shares of Capital Group Dividend Value ETF in the 4th quarter valued at about $32,000. Tucker Asset Management LLC acquired a new stake in shares of Capital Group Dividend Value ETF in the fourth quarter valued at about $32,000. Finally, Flagship Wealth Advisors LLC acquired a new stake in shares of Capital Group Dividend Value ETF in the fourth quarter valued at about $32,000.

Capital Group Dividend Value ETF Stock Performance

CGDV opened at $48.77 on Friday. The business’s 50-day simple moving average is $47.61 and its 200 day simple moving average is $45.42. Capital Group Dividend Value ETF has a 52-week low of $39.04 and a 52-week high of $49.43. The firm has a market capitalization of $35.17 billion, a PE ratio of 26.59 and a beta of 0.89.

About Capital Group Dividend Value ETF

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.