Western Wealth Management LLC Acquires 88,340 Shares of Capital Group Dividend Value ETF $CGDV

Western Wealth Management LLC increased its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 8.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,124,695 shares of the company’s stock after purchasing an additional 88,340 shares during the period. Capital Group Dividend Value ETF makes up 1.7% of Western Wealth Management LLC’s portfolio, making the stock its 7th biggest position. Western Wealth Management LLC owned approximately 0.16% of Capital Group Dividend Value ETF worth $47,845,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. LPL Financial LLC increased its stake in Capital Group Dividend Value ETF by 20.7% during the 4th quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock worth $2,770,731,000 after purchasing an additional 10,904,954 shares in the last quarter. Raymond James Financial Inc. raised its holdings in Capital Group Dividend Value ETF by 6.6% during the 4th quarter. Raymond James Financial Inc. now owns 23,591,243 shares of the company’s stock worth $1,029,522,000 after buying an additional 1,465,566 shares during the period. Capital International Investors lifted its stake in Capital Group Dividend Value ETF by 1.8% in the fourth quarter. Capital International Investors now owns 22,899,119 shares of the company’s stock valued at $999,318,000 after buying an additional 397,762 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in 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 valued at $818,465,000 after buying an additional 2,061,385 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of Capital Group Dividend Value ETF by 12.0% in the first quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock valued at $781,004,000 after buying an additional 1,959,868 shares during the period.

Capital Group Dividend Value ETF Stock Up 1.6%

Capital Group Dividend Value ETF stock opened at $49.23 on Friday. The company has a 50 day moving average of $48.74 and a 200-day moving average of $46.33. Capital Group Dividend Value ETF has a twelve month low of $39.87 and a twelve month high of $49.55. The stock has a market capitalization of $37.05 billion, a PE 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.