Capital Group Dividend Value ETF $CGDV Shares Sold by RFG Advisory LLC

RFG Advisory LLC reduced its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 31.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 294,226 shares of the company’s stock after selling 136,266 shares during the quarter. RFG Advisory LLC’s holdings in Capital Group Dividend Value ETF were worth $12,516,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CGDV. Pflug Koory LLC purchased a new position in shares of Capital Group Dividend Value ETF during the 4th quarter worth $25,000. Flagship Wealth Advisors LLC purchased a new stake in shares of Capital Group Dividend Value ETF in the fourth quarter valued at about $32,000. Bay Harbor Wealth Management LLC acquired a new stake in Capital Group Dividend Value ETF during the fourth quarter worth about $32,000. Tucker Asset Management LLC acquired a new stake in Capital Group Dividend Value ETF during the fourth quarter worth about $32,000. Finally, Triumph Capital Management purchased a new position in Capital Group Dividend Value ETF during the third quarter worth about $32,000.

Capital Group Dividend Value ETF Price Performance

NYSEARCA:CGDV opened at $48.50 on Thursday. The firm has a market capitalization of $34.98 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The company’s 50-day moving average is $47.54 and its two-hundred day moving average is $45.38. Capital Group Dividend Value ETF has a 1-year low of $38.81 and a 1-year high of $49.43.

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.