Capital Group Dividend Value ETF $CGDV Shares Acquired by Valmark Advisers Inc.

Valmark Advisers Inc. grew its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 58.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,680,301 shares of the company’s stock after purchasing an additional 619,097 shares during the quarter. Capital Group Dividend Value ETF makes up about 0.8% of Valmark Advisers Inc.’s portfolio, making the stock its 25th biggest holding. Valmark Advisers Inc. owned 0.23% of Capital Group Dividend Value ETF worth $71,480,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CGDV. Pflug Koory LLC purchased a new stake in Capital Group Dividend Value ETF during the fourth quarter worth $25,000. Triumph Capital Management purchased a new position in Capital Group Dividend Value ETF in the third quarter valued at $32,000. Bay Harbor Wealth Management LLC purchased a new position in Capital Group Dividend Value ETF in the fourth quarter valued at $32,000. Tucker Asset Management LLC purchased a new position in Capital Group Dividend Value ETF in the fourth quarter valued at $32,000. Finally, Flagship Wealth Advisors LLC acquired a new position in shares of Capital Group Dividend Value ETF in the fourth quarter worth about $32,000.

Capital Group Dividend Value ETF Stock Up 0.7%

Shares of CGDV stock traded up $0.36 during mid-day trading on Friday, hitting $49.50. 3,411,637 shares of the stock were exchanged, compared to its average volume of 4,542,946. The firm has a fifty day moving average of $48.32 and a 200 day moving average of $45.83. Capital Group Dividend Value ETF has a 52-week low of $39.87 and a 52-week high of $49.55. The company has a market cap of $36.89 billion, a PE ratio of 26.59 and a beta of 0.88.

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.