Capital Group Dividend Value ETF $CGDV Shares Purchased by Wealth Alliance LLC

Wealth Alliance LLC boosted its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 130.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,213 shares of the company’s stock after purchasing an additional 54,965 shares during the period. Wealth Alliance LLC’s holdings in Capital Group Dividend Value ETF were worth $4,135,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Armstrong Fleming & Moore Inc lifted its position in Capital Group Dividend Value ETF by 22.0% during the 4th quarter. Armstrong Fleming & Moore Inc now owns 250,179 shares of the company’s stock worth $10,918,000 after acquiring an additional 45,077 shares in the last quarter. Richards Merrill & Peterson Inc. grew its position in Capital Group Dividend Value ETF by 72.6% in the first quarter. Richards Merrill & Peterson Inc. now owns 59,315 shares of the company’s stock valued at $2,523,000 after acquiring an additional 24,945 shares in the last quarter. Kaizen Financial Strategies grew its position in Capital Group Dividend Value ETF by 5.0% in the fourth quarter. Kaizen Financial Strategies now owns 304,926 shares of the company’s stock valued at $13,307,000 after acquiring an additional 14,641 shares in the last quarter. AA Financial Advisors LLC grew its position in Capital Group Dividend Value ETF by 4.5% in the fourth quarter. AA Financial Advisors LLC now owns 755,250 shares of the company’s stock valued at $32,959,000 after acquiring an additional 32,219 shares in the last quarter. Finally, Stratos Wealth Partners LTD. raised its stake in shares of Capital Group Dividend Value ETF by 49.3% during the fourth quarter. Stratos Wealth Partners LTD. now owns 245,973 shares of the company’s stock valued at $10,734,000 after purchasing an additional 81,269 shares during the period.

Capital Group Dividend Value ETF Trading Up 0.3%

NYSEARCA CGDV opened at $48.85 on Friday. The company’s fifty day simple moving average is $48.63 and its 200-day simple moving average is $46.18. Capital Group Dividend Value ETF has a 52 week low of $39.87 and a 52 week high of $49.55. The stock has a market cap of $36.67 billion, a P/E ratio of 26.59 and a beta of 0.88.

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.