Modern Wealth Management LLC Boosts Stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Modern Wealth Management LLC lifted its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 484.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 485,400 shares of the company’s stock after acquiring an additional 402,308 shares during the quarter. Modern Wealth Management LLC owned 0.21% of Capital Group Dividend Value ETF worth $18,023,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in Capital Group Dividend Value ETF during the fourth quarter valued at approximately $601,244,000. LPL Financial LLC boosted its holdings in Capital Group Dividend Value ETF by 36.0% in the fourth quarter. LPL Financial LLC now owns 21,983,627 shares of the company’s stock worth $775,143,000 after purchasing an additional 5,814,581 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Capital Group Dividend Value ETF by 73.0% during the fourth quarter. Jones Financial Companies Lllp now owns 2,685,061 shares of the company’s stock worth $94,675,000 after purchasing an additional 1,132,566 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Capital Group Dividend Value ETF by 14.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 8,065,081 shares of the company’s stock valued at $284,375,000 after buying an additional 1,008,536 shares during the period. Finally, Kestra Advisory Services LLC grew its position in shares of Capital Group Dividend Value ETF by 23.2% during the 4th quarter. Kestra Advisory Services LLC now owns 3,697,300 shares of the company’s stock valued at $130,367,000 after buying an additional 696,412 shares during the last quarter.

Capital Group Dividend Value ETF Stock Up 1.3 %

Shares of NYSEARCA CGDV opened at $36.47 on Tuesday. The firm’s 50-day moving average price is $36.49 and its two-hundred day moving average price is $36.29. Capital Group Dividend Value ETF has a 52-week low of $31.03 and a 52-week high of $37.38. The stock has a market capitalization of $14.45 billion, a P/E ratio of 24.80 and a beta of 0.90.

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.