LPL Financial LLC Has $2.77 Billion Stock Holdings in Capital Group Dividend Value ETF $CGDV

LPL Financial LLC raised its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 20.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 63,490,640 shares of the company’s stock after acquiring an additional 10,904,954 shares during the period. Capital Group Dividend Value ETF makes up about 0.8% of LPL Financial LLC’s holdings, making the stock its 16th largest position. LPL Financial LLC owned 9.94% of Capital Group Dividend Value ETF worth $2,770,731,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CGDV. Pflug Koory LLC bought a new position in shares of Capital Group Dividend Value ETF in the fourth quarter valued at approximately $25,000. Flagship Wealth Advisors LLC purchased a new stake in shares of Capital Group Dividend Value ETF in the fourth quarter worth $32,000. Bay Harbor Wealth Management LLC purchased a new stake in shares of Capital Group Dividend Value ETF in the fourth quarter worth $32,000. Tucker Asset Management LLC bought a new position in Capital Group Dividend Value ETF in the fourth quarter valued at $32,000. Finally, Triumph Capital Management bought a new position in Capital Group Dividend Value ETF in the third quarter valued at $32,000.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA:CGDV opened at $47.88 on Monday. The stock has a market capitalization of $34.53 billion, a P/E ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 12-month low of $37.98 and a 12-month high of $49.10. The stock’s 50-day moving average price is $46.16 and its 200-day moving average price is $44.89.

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.