Kestra Advisory Services LLC Acquires 760,675 Shares of Capital Group Dividend Value ETF $CGDV

Kestra Advisory Services LLC raised its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 14.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,857,420 shares of the company’s stock after purchasing an additional 760,675 shares during the quarter. Capital Group Dividend Value ETF accounts for 0.9% of Kestra Advisory Services LLC’s portfolio, making the stock its 12th largest holding. Kestra Advisory Services LLC owned approximately 0.83% of Capital Group Dividend Value ETF worth $249,175,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Armstrong Fleming & Moore Inc grew its holdings in shares of Capital Group Dividend Value ETF by 22.0% in the 4th quarter. Armstrong Fleming & Moore Inc now owns 250,179 shares of the company’s stock worth $10,918,000 after purchasing an additional 45,077 shares during the last quarter. Kaizen Financial Strategies increased its position in shares of Capital Group Dividend Value ETF by 5.0% during the 4th quarter. Kaizen Financial Strategies now owns 304,926 shares of the company’s stock worth $13,307,000 after purchasing an additional 14,641 shares in the last quarter. Richards Merrill & Peterson Inc. increased its position in shares of Capital Group Dividend Value ETF by 72.6% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 59,315 shares of the company’s stock worth $2,523,000 after purchasing an additional 24,945 shares in the last quarter. AA Financial Advisors LLC lifted its holdings in Capital Group Dividend Value ETF by 4.5% during the 4th quarter. AA Financial Advisors LLC now owns 755,250 shares of the company’s stock valued at $32,959,000 after purchasing an additional 32,219 shares during the last quarter. Finally, Stratos Wealth Partners LTD. lifted its holdings in Capital Group Dividend Value ETF by 49.3% during the 4th quarter. Stratos Wealth Partners LTD. now owns 245,973 shares of the company’s stock valued at $10,734,000 after purchasing an additional 81,269 shares during the last quarter.

Capital Group Dividend Value ETF Stock Up 0.9%

NYSEARCA:CGDV opened at $49.14 on Friday. The firm has a market cap of $36.41 billion, a PE ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 12 month low of $39.87 and a 12 month high of $49.44. The company’s 50-day moving average price is $48.24 and its two-hundred day moving average price is $45.81.

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.