Sowell Financial Services LLC Invests $782,000 in Capital Group Dividend Value ETF $CGDV

Sowell Financial Services LLC purchased a new position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,922 shares of the company’s stock, valued at approximately $782,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Pflug Koory LLC purchased a new stake in Capital Group Dividend Value ETF during the fourth quarter worth $25,000. Triumph Capital Management purchased a new stake in Capital Group Dividend Value ETF during the third quarter worth $32,000. CoreCap Advisors LLC boosted its position in Capital Group Dividend Value ETF by 93.8% during the fourth quarter. CoreCap Advisors LLC now owns 849 shares of the company’s stock worth $37,000 after purchasing an additional 411 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Capital Group Dividend Value ETF by 38,200.0% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,149 shares of the company’s stock worth $48,000 after purchasing an additional 1,146 shares in the last quarter. Finally, Huntington National Bank purchased a new position in Capital Group Dividend Value ETF during the third quarter worth approximately $49,000.

Capital Group Dividend Value ETF Trading Up 0.6%

Shares of CGDV stock opened at $44.68 on Friday. The company has a market capitalization of $30.33 billion, a P/E ratio of 26.59 and a beta of 0.90. The business’s 50 day moving average is $44.31 and its two-hundred day moving average is $43.59. Capital Group Dividend Value ETF has a 12-month low of $32.51 and a 12-month high of $46.01.

Capital Group Dividend Value ETF Company Profile

(Free Report)

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.

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