Stewardship Concepts Financial Services LLC Buys Shares of 205,005 Capital Group Dividend Value ETF $CGDV
by Amy Steele · The Cerbat GemStewardship Concepts Financial Services LLC purchased a new stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 205,005 shares of the company’s stock, valued at approximately $8,956,000. Capital Group Dividend Value ETF accounts for approximately 7.6% of Stewardship Concepts Financial Services LLC’s holdings, making the stock its largest position.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. raised its position in shares of Capital Group Dividend Value ETF by 14.3% during the 3rd quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock valued at $929,942,000 after buying an additional 2,772,053 shares during the period. Envestnet Asset Management Inc. grew its position in Capital Group Dividend Value ETF by 4.0% in the third quarter. Envestnet Asset Management Inc. now owns 17,388,906 shares of the company’s stock worth $730,856,000 after acquiring an additional 668,214 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Capital Group Dividend Value ETF by 8.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 16,693,552 shares of the company’s stock worth $701,630,000 after acquiring an additional 1,365,491 shares during the period. Bank of America Corp DE increased its stake in Capital Group Dividend Value ETF by 20.4% during the third quarter. Bank of America Corp DE now owns 15,868,443 shares of the company’s stock worth $666,951,000 after acquiring an additional 2,688,496 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in Capital Group Dividend Value ETF by 11.1% during the third quarter. Commonwealth Equity Services LLC now owns 10,957,728 shares of the company’s stock worth $460,553,000 after acquiring an additional 1,093,062 shares during the last quarter.
Capital Group Dividend Value ETF Price Performance
NYSEARCA:CGDV opened at $42.69 on Friday. Capital Group Dividend Value ETF has a 52 week low of $30.94 and a 52 week high of $46.01. The stock’s fifty day moving average is $44.39 and its two-hundred day moving average is $43.55. The company has a market capitalization of $28.98 billion, a P/E ratio of 26.59 and a beta of 0.89.
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.