Rubicon Advisors GP Invests $491,000 in Capital Group Dividend Value ETF $CGDV

Rubicon Advisors GP bought a new position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,257 shares of the company’s stock, valued at approximately $491,000.

Other institutional investors also recently modified their holdings of the company. Pflug Koory LLC bought a new position in Capital Group Dividend Value ETF during the fourth quarter worth about $25,000. Flagship Wealth Advisors LLC acquired a new stake in Capital Group Dividend Value ETF in the 4th quarter worth about $32,000. Bay Harbor Wealth Management LLC bought a new stake in Capital Group Dividend Value ETF in the 4th quarter valued at about $32,000. Tucker Asset Management LLC bought a new stake in Capital Group Dividend Value ETF in the 4th quarter valued at about $32,000. Finally, Triumph Capital Management acquired a new position in shares of Capital Group Dividend Value ETF during the 3rd quarter worth approximately $32,000.

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA:CGDV opened at $48.99 on Friday. Capital Group Dividend Value ETF has a 12-month low of $38.00 and a 12-month high of $49.43. The company’s 50 day moving average price is $47.32 and its two-hundred day moving average price is $45.26. The firm has a market cap of $35.33 billion, a PE ratio of 26.59 and a beta of 0.89.

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.