Stonebridge Financial Group LLC lessened its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV – Free Report) by 45.9% during the second quarter, HoldingsChannel.com reports. The firm owned 57,818 shares of the company’s stock after selling 49,117 shares during the period. Stonebridge Financial Group LLC’s holdings in Capital Group Dividend Value ETF were worth $2,849,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of CGDV. AQR Capital Management LLC acquired a new stake in shares of Capital Group Dividend Value ETF during the 1st quarter worth approximately $236,000. Franklin Resources Inc. acquired a new position in Capital Group Dividend Value ETF during the 2nd quarter valued at approximately $226,000. Russell Investments Group Ltd. boosted its position in Capital Group Dividend Value ETF by 24.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,638 shares of the company’s stock valued at $183,000 after purchasing an additional 925 shares during the period. Brown Advisory Inc. grew its stake in Capital Group Dividend Value ETF by 22.7% during the 2nd quarter. Brown Advisory Inc. now owns 22,270 shares of the company’s stock worth $879,000 after buying an additional 4,118 shares during the last quarter. Finally, Sei Investments Co. grew its stake in Capital Group Dividend Value ETF by 21.1% during the 2nd quarter. Sei Investments Co. now owns 1,169,992 shares of the company’s stock worth $46,203,000 after buying an additional 203,772 shares during the last quarter.
Capital Group Dividend Value ETF Stock Performance
CGDV stock opened at $50.26 on Tuesday. The stock has a market capitalization of $37.87 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 1 year low of $40.22 and a 1 year high of $50.32. The stock’s fifty day moving average is $48.81 and its two-hundred day moving average is $46.41.
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.
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