Secure Asset Management LLC Has $681,000 Stake in Capital Group Dividend Value ETF $CGDV

Secure Asset Management LLC reduced its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 92.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,815 shares of the company’s stock after selling 176,420 shares during the period. Secure Asset Management LLC’s holdings in Capital Group Dividend Value ETF were worth $681,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CGDV. LPL Financial LLC raised its position in shares of Capital Group Dividend Value ETF by 20.7% during the 4th quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock valued at $2,770,731,000 after acquiring an additional 10,904,954 shares during the last quarter. Axxcess Wealth Management LLC lifted its stake in shares of Capital Group Dividend Value ETF by 448.9% in the 4th quarter. Axxcess Wealth Management LLC now owns 3,520,015 shares of the company’s stock valued at $153,613,000 after purchasing an additional 2,878,723 shares during the period. Raymond James Financial Inc. boosted its position in shares of Capital Group Dividend Value ETF by 14.3% in the 3rd quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock worth $929,942,000 after purchasing an additional 2,772,053 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Capital Group Dividend Value ETF by 20.1% in the 4th quarter. Wells Fargo & Company MN now owns 16,311,223 shares of the company’s stock worth $711,822,000 after purchasing an additional 2,729,408 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Capital Group Dividend Value ETF by 20.4% during the third quarter. Bank of America Corp DE now owns 15,868,443 shares of the company’s stock worth $666,951,000 after purchasing an additional 2,688,496 shares during the period.

Capital Group Dividend Value ETF Trading Up 0.2%

NYSEARCA CGDV opened at $51.25 on Thursday. The stock has a 50-day simple moving average of $49.18 and a 200 day simple moving average of $46.74. The company has a market capitalization of $38.87 billion, a PE ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 12 month low of $40.64 and a 12 month high of $51.49.

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.