World Investment Advisors Raises Stock Position in Capital Group Dividend Value ETF $CGDV

World Investment Advisors raised its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 6.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 307,514 shares of the company’s stock after buying an additional 19,377 shares during the period. World Investment Advisors’ holdings in Capital Group Dividend Value ETF were worth $13,082,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC bought a new stake in shares of Capital Group Dividend Value ETF during the 1st quarter valued at about $236,000. Franklin Resources Inc. bought a new position in shares of Capital Group Dividend Value ETF in the 2nd quarter worth approximately $226,000. Russell Investments Group Ltd. boosted its holdings in shares of Capital Group Dividend Value ETF by 24.9% in the second quarter. Russell Investments Group Ltd. now owns 4,638 shares of the company’s stock worth $183,000 after buying an additional 925 shares during the last quarter. Brown Advisory Inc. boosted its holdings in shares of Capital Group Dividend Value ETF by 22.7% in the second quarter. Brown Advisory Inc. now owns 22,270 shares of the company’s stock worth $879,000 after buying an additional 4,118 shares during the last quarter. Finally, Sei Investments Co. grew its position in Capital Group Dividend Value ETF by 21.1% during the second quarter. Sei Investments Co. now owns 1,169,992 shares of the company’s stock valued at $46,203,000 after buying an additional 203,772 shares during the period.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV stock opened at $48.95 on Friday. Capital Group Dividend Value ETF has a 12 month low of $39.76 and a 12 month high of $49.44. The stock has a market cap of $36.43 billion, a P/E ratio of 26.59 and a beta of 0.88. The company has a 50 day simple moving average of $48.01 and a two-hundred day simple moving average of $45.63.

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.