Royal Bank of Canada Purchases 1,223,486 Shares of Capital Group Dividend Value ETF $CGDV

Royal Bank of Canada grew its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 19.6% in the 1st quarter, HoldingsChannel.com reports. The fund owned 7,479,465 shares of the company’s stock after buying an additional 1,223,486 shares during the quarter. Royal Bank of Canada’s holdings in Capital Group Dividend Value ETF were worth $318,176,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. IMG Wealth Management Inc. lifted its holdings in Capital Group Dividend Value ETF by 4.4% in the 1st quarter. IMG Wealth Management Inc. now owns 274,583 shares of the company’s stock worth $11,681,000 after buying an additional 11,679 shares during the period. Quantinno Capital Management LP increased its stake in shares of Capital Group Dividend Value ETF by 40.9% during the first quarter. Quantinno Capital Management LP now owns 19,587 shares of the company’s stock valued at $833,000 after buying an additional 5,683 shares during the period. Gateway Wealth Partners LLC increased its stake in shares of Capital Group Dividend Value ETF by 173.9% during the first quarter. Gateway Wealth Partners LLC now owns 296,837 shares of the company’s stock valued at $12,627,000 after buying an additional 188,458 shares during the period. 44 Wealth Management LLC raised its holdings in shares of Capital Group Dividend Value ETF by 14.2% during the first quarter. 44 Wealth Management LLC now owns 36,081 shares of the company’s stock valued at $1,535,000 after acquiring an additional 4,486 shares in the last quarter. Finally, FreeGulliver LLC raised its holdings in shares of Capital Group Dividend Value ETF by 8.2% during the first quarter. FreeGulliver LLC now owns 225,185 shares of the company’s stock valued at $9,579,000 after acquiring an additional 16,994 shares in the last quarter.

Capital Group Dividend Value ETF Stock Down 1.4%

Shares of CGDV stock opened at $48.44 on Thursday. The stock has a fifty day moving average of $48.71 and a 200 day moving average of $46.30. Capital Group Dividend Value ETF has a 52 week low of $39.87 and a 52 week high of $49.55. The firm has a market capitalization of $36.45 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88.

Capital Group Dividend Value ETF 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.