Capital Group Dividend Value ETF (NYSEARCA:CGDV) Shares Purchased by Litman Gregory Wealth Management LLC

Litman Gregory Wealth Management LLC increased its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,420 shares of the company’s stock after purchasing an additional 1,900 shares during the quarter. Litman Gregory Wealth Management LLC’s holdings in Capital Group Dividend Value ETF were worth $997,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tennessee Valley Asset Management Partners acquired a new stake in shares of Capital Group Dividend Value ETF during the fourth quarter worth about $26,000. Money Concepts Capital Corp purchased a new position in Capital Group Dividend Value ETF during the fourth quarter valued at approximately $28,000. Ronald Blue Trust Inc. purchased a new position in Capital Group Dividend Value ETF during the third quarter valued at approximately $32,000. Morgan Stanley purchased a new position in Capital Group Dividend Value ETF during the fourth quarter valued at approximately $35,000. Finally, ICA Group Wealth Management LLC purchased a new position in Capital Group Dividend Value ETF during the fourth quarter valued at approximately $62,000.

Capital Group Dividend Value ETF Price Performance

CGDV stock traded down $0.10 during trading on Friday, hitting $31.10. 1,592,813 shares of the company traded hands, compared to its average volume of 1,457,188. The stock’s 50-day simple moving average is $31.58 and its 200 day simple moving average is $29.48. The company has a market cap of $6.84 billion, a PE ratio of 21.74 and a beta of 0.91. Capital Group Dividend Value ETF has a 1 year low of $24.86 and a 1 year high of $32.74.

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.