GPS Wealth Strategies Group LLC Sells 10,780 Shares of Capital Group Dividend Value ETF $CGDV

GPS Wealth Strategies Group LLC cut its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 82.4% during the fourth quarter, HoldingsChannel reports. The firm owned 2,303 shares of the company’s stock after selling 10,780 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Capital Group Dividend Value ETF were worth $101,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in CGDV. Axxcess Wealth Management LLC increased its stake in shares of Capital Group Dividend Value ETF by 448.9% in the fourth quarter. Axxcess Wealth Management LLC now owns 3,520,015 shares of the company’s stock worth $153,613,000 after purchasing an additional 2,878,723 shares during the period. Raymond James Financial Inc. increased its stake in shares of Capital Group Dividend Value ETF by 14.3% in the third 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 period. Bank of America Corp DE increased its stake in shares of Capital Group Dividend Value ETF by 20.4% in 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. Jones Financial Companies Lllp increased its stake in shares of Capital Group Dividend Value ETF by 39.1% in the third quarter. Jones Financial Companies Lllp now owns 7,854,486 shares of the company’s stock worth $328,634,000 after purchasing an additional 2,208,093 shares during the period. Finally, Mainstay Capital Management LLC ADV bought a new position in shares of Capital Group Dividend Value ETF in the third quarter worth about $70,987,000.

Capital Group Dividend Value ETF Stock Performance

Capital Group Dividend Value ETF stock opened at $47.98 on Friday. The business’s 50-day simple moving average is $45.12 and its 200-day simple moving average is $44.48. The firm has a market capitalization of $34.60 billion, a PE ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 52 week low of $36.10 and a 52 week high of $48.49.

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.