BlueChip Wealth Advisors LLC Trims Stake in Capital Group Dividend Value ETF $CGDV

BlueChip Wealth Advisors LLC reduced its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 34.4% in the first quarter, Holdings Channel reports. The firm owned 110,710 shares of the company’s stock after selling 57,933 shares during the period. Capital Group Dividend Value ETF comprises approximately 2.1% of BlueChip Wealth Advisors LLC’s holdings, making the stock its 15th biggest position. BlueChip Wealth Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $4,710,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CGDV. LPL Financial LLC raised its holdings in shares of Capital Group Dividend Value ETF by 20.7% in the 4th quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock valued at $2,770,731,000 after acquiring an additional 10,904,954 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of Capital Group Dividend Value ETF by 6.6% during the fourth quarter. Raymond James Financial Inc. now owns 23,591,243 shares of the company’s stock worth $1,029,522,000 after purchasing an additional 1,465,566 shares in the last quarter. Capital International Investors grew its holdings in shares of Capital Group Dividend Value ETF by 1.8% during the fourth quarter. Capital International Investors now owns 22,899,119 shares of the company’s stock worth $999,318,000 after purchasing an additional 397,762 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Capital Group Dividend Value ETF by 12.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 18,754,937 shares of the company’s stock worth $818,465,000 after purchasing an additional 2,061,385 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Capital Group Dividend Value ETF by 14.5% in the fourth quarter. Cetera Investment Advisers now owns 16,399,426 shares of the company’s stock worth $715,671,000 after purchasing an additional 2,082,860 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of CGDV opened at $49.01 on Wednesday. Capital Group Dividend Value ETF has a 1-year low of $39.87 and a 1-year high of $49.55. The company has a market capitalization of $36.52 billion, a P/E ratio of 26.59 and a beta of 0.88. The firm’s 50 day simple moving average is $48.42 and its 200 day simple moving average is $45.92.

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.