Kovack Advisors Inc. Purchases 159,897 Shares of Capital Group Dividend Value ETF $CGDV

Kovack Advisors Inc. raised its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 234.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 228,180 shares of the company’s stock after acquiring an additional 159,897 shares during the quarter. Kovack Advisors Inc.’s holdings in Capital Group Dividend Value ETF were worth $9,958,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of CGDV. Pflug Koory LLC acquired a new position in shares of Capital Group Dividend Value ETF during the fourth quarter valued at about $25,000. Flagship Wealth Advisors LLC acquired a new position in shares of Capital Group Dividend Value ETF during the fourth quarter valued at about $32,000. Bay Harbor Wealth Management LLC acquired a new position in shares of Capital Group Dividend Value ETF during the fourth quarter valued at about $32,000. Tucker Asset Management LLC acquired a new position in shares of Capital Group Dividend Value ETF during the fourth quarter valued at about $32,000. Finally, Triumph Capital Management acquired a new position in shares of Capital Group Dividend Value ETF during the third quarter valued at about $32,000.

Capital Group Dividend Value ETF Trading Up 2.0%

Shares of NYSEARCA CGDV opened at $48.23 on Friday. The firm’s 50-day moving average price is $46.63 and its 200-day moving average price is $45.05. Capital Group Dividend Value ETF has a 1-year low of $38.00 and a 1-year high of $49.10. The firm has a market capitalization of $34.78 billion, a P/E ratio of 26.59 and a beta of 0.89.

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.