Modern Wealth Management LLC Purchases 402,308 Shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Modern Wealth Management LLC grew its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 484.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 485,400 shares of the company’s stock after acquiring an additional 402,308 shares during the period. Modern Wealth Management LLC’s holdings in Capital Group Dividend Value ETF were worth $18,023,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Northwest Financial Advisors increased its position in Capital Group Dividend Value ETF by 35.7% in the 4th quarter. Northwest Financial Advisors now owns 35,037 shares of the company’s stock valued at $1,235,000 after acquiring an additional 9,227 shares in the last quarter. Litman Gregory Wealth Management LLC raised its holdings in Capital Group Dividend Value ETF by 3.7% during the 4th quarter. Litman Gregory Wealth Management LLC now owns 36,827 shares of the company’s stock worth $1,299,000 after purchasing an additional 1,327 shares during the last quarter. Stephens Inc. AR acquired a new position in Capital Group Dividend Value ETF during the 4th quarter valued at about $247,000. Trilogy Capital Inc. boosted its stake in shares of Capital Group Dividend Value ETF by 5.0% in the 4th quarter. Trilogy Capital Inc. now owns 22,718 shares of the company’s stock valued at $801,000 after purchasing an additional 1,083 shares during the last quarter. Finally, Cerity Partners LLC grew its position in shares of Capital Group Dividend Value ETF by 15.0% during the 3rd quarter. Cerity Partners LLC now owns 62,822 shares of the company’s stock worth $2,289,000 after buying an additional 8,203 shares during the period.

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA CGDV opened at $36.47 on Tuesday. Capital Group Dividend Value ETF has a fifty-two week low of $31.03 and a fifty-two week high of $37.38. The firm has a market capitalization of $14.45 billion, a P/E ratio of 24.80 and a beta of 0.90. The company’s 50 day simple moving average is $36.49 and its 200 day simple moving average is $36.29.

Capital Group Dividend Value ETF 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.