Capital Group Dividend Value ETF $CGDV Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC lifted its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 2.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,803,336 shares of the company’s stock after purchasing an additional 42,443 shares during the quarter. HighTower Advisors LLC owned about 0.28% of Capital Group Dividend Value ETF worth $78,698,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CGDV. AQR Capital Management LLC acquired a new stake in shares of Capital Group Dividend Value ETF in the 1st quarter worth $236,000. Franklin Resources Inc. purchased a new stake in Capital Group Dividend Value ETF during the 2nd quarter worth approximately $226,000. Russell Investments Group Ltd. grew 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 worth $183,000 after purchasing an additional 925 shares during the last quarter. Brown Advisory Inc. grew its position 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 purchasing an additional 4,118 shares during the last quarter. Finally, Sei Investments Co. grew its position 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 purchasing an additional 203,772 shares during the last quarter.

Capital Group Dividend Value ETF Trading Up 0.9%

NYSEARCA:CGDV opened at $47.73 on Thursday. The company has a market cap of $34.42 billion, a PE ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a twelve month low of $36.10 and a twelve month high of $48.49. The company’s 50 day moving average is $44.99 and its two-hundred day moving average is $44.42.

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.