Ewa LLC Invests $8.27 Million in Capital Group Dividend Value ETF $CGDV

Ewa LLC purchased a new stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the 1st quarter, HoldingsChannel reports. The institutional investor purchased 194,292 shares of the company’s stock, valued at approximately $8,265,000. Capital Group Dividend Value ETF makes up about 1.9% of Ewa LLC’s portfolio, making the stock its 11th largest position.

Several other large investors have also made changes to their positions in CGDV. LPL Financial LLC increased its holdings in Capital Group Dividend Value ETF by 20.7% in the fourth quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock worth $2,770,731,000 after buying an additional 10,904,954 shares during the last quarter. Raymond James Financial Inc. lifted its stake in Capital Group Dividend Value ETF by 6.6% in the fourth quarter. Raymond James Financial Inc. now owns 23,591,243 shares of the company’s stock valued at $1,029,522,000 after acquiring an additional 1,465,566 shares during the last quarter. Capital International Investors grew its position in Capital Group Dividend Value ETF by 1.8% in the fourth quarter. Capital International Investors now owns 22,899,119 shares of the company’s stock worth $999,318,000 after acquiring an additional 397,762 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Capital Group Dividend Value ETF by 12.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 18,754,937 shares of the company’s stock worth $818,465,000 after acquiring an additional 2,061,385 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Capital Group Dividend Value ETF by 14.5% during the 4th quarter. Cetera Investment Advisers now owns 16,399,426 shares of the company’s stock worth $715,671,000 after purchasing an additional 2,082,860 shares during the last quarter.

Capital Group Dividend Value ETF Stock Up 1.6%

Shares of CGDV opened at $49.26 on Tuesday. The firm has a market cap of $35.53 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The company’s fifty day moving average is $47.75 and its 200-day moving average is $45.50. Capital Group Dividend Value ETF has a 12 month low of $39.36 and a 12 month high of $49.43.

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.