Genesis Private Wealth LLC Buys 19,112 Shares of Capital Group Dividend Value ETF $CGDV

Genesis Private Wealth LLC grew its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 22.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,685 shares of the company’s stock after buying an additional 19,112 shares during the period. Capital Group Dividend Value ETF accounts for 1.5% of Genesis Private Wealth LLC’s portfolio, making the stock its 19th biggest holding. Genesis Private Wealth LLC’s holdings in Capital Group Dividend Value ETF were worth $5,159,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Bay Harbor Wealth Management LLC purchased a new position in Capital Group Dividend Value ETF during the fourth quarter valued at approximately $32,000. Tucker Asset Management LLC bought a new stake in shares of Capital Group Dividend Value ETF during the 4th quarter valued at $32,000. Flagship Wealth Advisors LLC bought a new stake in shares of Capital Group Dividend Value ETF during the 4th quarter valued at $32,000. Triumph Capital Management purchased a new position in shares of Capital Group Dividend Value ETF during the 3rd quarter valued at $32,000. Finally, TD Capital Management LLC purchased a new position in shares of Capital Group Dividend Value ETF during the 4th quarter valued at $34,000.

Capital Group Dividend Value ETF Stock Up 0.2%

Shares of Capital Group Dividend Value ETF stock opened at $51.25 on Thursday. The stock’s 50-day simple moving average is $49.18 and its 200-day simple moving average is $46.74. Capital Group Dividend Value ETF has a 52 week low of $40.64 and a 52 week high of $51.49. The company has a market capitalization of $38.87 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88.

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.