Nations Financial Group Inc. IA ADV Increases Position in Capital Group Dividend Value ETF $CGDV

Nations Financial Group Inc. IA ADV lifted its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 3.6% in the first quarter, HoldingsChannel.com reports. The firm owned 304,615 shares of the company’s stock after purchasing an additional 10,497 shares during the quarter. Capital Group Dividend Value ETF comprises about 0.7% of Nations Financial Group Inc. IA ADV’s investment portfolio, making the stock its 25th biggest holding. Nations Financial Group Inc. IA ADV’s holdings in Capital Group Dividend Value ETF were worth $12,958,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC purchased a new stake in Capital Group Dividend Value ETF in the 1st quarter worth $236,000. Franklin Resources Inc. bought a new position in shares of Capital Group Dividend Value ETF in the second quarter worth about $226,000. Russell Investments Group Ltd. boosted its stake in shares of Capital Group Dividend Value ETF by 24.9% in the second quarter. Russell Investments Group Ltd. now owns 4,638 shares of the company’s stock worth $183,000 after acquiring an additional 925 shares during the period. Brown Advisory Inc. grew its position in shares of Capital Group Dividend Value ETF by 22.7% during the second quarter. Brown Advisory Inc. now owns 22,270 shares of the company’s stock worth $879,000 after purchasing an additional 4,118 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of Capital Group Dividend Value ETF by 21.1% during the second quarter. Sei Investments Co. now owns 1,169,992 shares of the company’s stock worth $46,203,000 after purchasing an additional 203,772 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV opened at $48.99 on Friday. The business’s 50 day moving average is $47.32 and its 200 day moving average is $45.26. Capital Group Dividend Value ETF has a 12-month low of $38.00 and a 12-month high of $49.43. The company has a market capitalization of $35.33 billion, a PE ratio of 26.59 and a beta of 0.89.

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.