Teamwork Financial Advisors LLC Boosts Stake in Capital Group Dividend Value ETF $CGDV

Teamwork Financial Advisors LLC boosted its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 4.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 569,657 shares of the company’s stock after purchasing an additional 25,127 shares during the period. Capital Group Dividend Value ETF comprises 2.5% of Teamwork Financial Advisors LLC’s portfolio, making the stock its 5th biggest holding. Teamwork Financial Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $28,073,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Bay Harbor Wealth Management LLC bought a new stake in shares of Capital Group Dividend Value ETF in the 4th quarter valued at approximately $32,000. Tucker Asset Management LLC bought a new position in shares of Capital Group Dividend Value ETF during the 4th quarter worth approximately $32,000. Flagship Wealth Advisors LLC bought a new position in shares of Capital Group Dividend Value ETF during the 4th quarter worth approximately $32,000. Triumph Capital Management bought a new position in shares of Capital Group Dividend Value ETF during the 3rd quarter worth approximately $32,000. Finally, TD Capital Management LLC acquired a new stake in Capital Group Dividend Value ETF in the 4th quarter valued at $34,000.

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA:CGDV opened at $51.30 on Friday. The business’s fifty day moving average price is $49.04 and its two-hundred day moving average price is $46.58. Capital Group Dividend Value ETF has a fifty-two week low of $40.45 and a fifty-two week high of $51.49. The stock has a market capitalization of $38.91 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88.

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.