Focus Financial Network Inc. Boosts Holdings in Capital Group Dividend Value ETF $CGDV

Focus Financial Network Inc. lifted its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 74.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 193,176 shares of the company’s stock after buying an additional 82,401 shares during the period. Focus Financial Network Inc.’s holdings in Capital Group Dividend Value ETF were worth $9,548,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CGDV. Flagship Wealth Advisors LLC purchased a new stake in Capital Group Dividend Value ETF in the fourth quarter valued at $32,000. Bay Harbor Wealth Management LLC purchased a new position in shares of Capital Group Dividend Value ETF during the fourth quarter worth about $32,000. Tucker Asset Management LLC purchased a new position in shares of Capital Group Dividend Value ETF during the fourth quarter worth about $32,000. Triumph Capital Management acquired a new stake in shares of Capital Group Dividend Value ETF during the third quarter worth about $32,000. Finally, TD Capital Management LLC acquired a new stake in shares of Capital Group Dividend Value ETF during the fourth quarter worth about $34,000.

Capital Group Dividend Value ETF Stock Performance

Capital Group Dividend Value ETF stock opened at $51.30 on Monday. Capital Group Dividend Value ETF has a fifty-two week low of $40.45 and a fifty-two week high of $51.49. The company has a market capitalization of $38.91 billion, a P/E ratio of 26.59 and a beta of 0.88. The stock has a 50-day simple moving average of $49.04 and a 200-day simple moving average of $46.59.

About Capital Group Dividend Value ETF

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.