Smith Thornton Advisors LLC Acquires 16,427 Shares of Capital Group Dividend Value ETF $CGDV

Smith Thornton Advisors LLC grew its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 6.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 254,612 shares of the company’s stock after purchasing an additional 16,427 shares during the quarter. Capital Group Dividend Value ETF comprises approximately 5.5% of Smith Thornton Advisors LLC’s holdings, making the stock its 4th largest position. Smith Thornton Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $12,491,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CGDV. Richards Merrill & Peterson Inc. lifted its stake in Capital Group Dividend Value ETF by 72.6% in the first quarter. Richards Merrill & Peterson Inc. now owns 59,315 shares of the company’s stock valued at $2,523,000 after buying an additional 24,945 shares during the period. Merit Financial Group LLC grew its position in shares of Capital Group Dividend Value ETF by 3.8% during the 4th quarter. Merit Financial Group LLC now owns 1,754,850 shares of the company’s stock worth $76,582,000 after buying an additional 64,689 shares during the period. MSH Capital Advisors LLC grew its position in shares of Capital Group Dividend Value ETF by 66.1% during the 4th quarter. MSH Capital Advisors LLC now owns 35,900 shares of the company’s stock worth $1,567,000 after buying an additional 14,293 shares during the period. Summit Investment Advisory Services LLC increased its stake in shares of Capital Group Dividend Value ETF by 3.5% in the 4th quarter. Summit Investment Advisory Services LLC now owns 1,005,641 shares of the company’s stock valued at $43,886,000 after acquiring an additional 34,309 shares during the last quarter. Finally, UBS Group AG increased its stake in shares of Capital Group Dividend Value ETF by 11.5% in the 4th quarter. UBS Group AG now owns 9,227,491 shares of the company’s stock valued at $402,688,000 after acquiring an additional 953,559 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA:CGDV opened at $51.25 on Thursday. The firm’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 fifty-two week low of $40.64 and a fifty-two 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.

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.