Magnus Financial Group LLC Increases Stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Magnus Financial Group LLC increased its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 12.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 86,750 shares of the company’s stock after buying an additional 9,756 shares during the period. Magnus Financial Group LLC’s holdings in Capital Group Dividend Value ETF were worth $3,059,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CGDV. LPL Financial LLC increased its position in shares of Capital Group Dividend Value ETF by 26.8% in the 3rd quarter. LPL Financial LLC now owns 16,169,046 shares of the company’s stock valued at $589,200,000 after purchasing an additional 3,415,106 shares during the last quarter. Advance Capital Management Inc. boosted its holdings in shares of Capital Group Dividend Value ETF by 0.4% in the 4th quarter. Advance Capital Management Inc. now owns 10,826,570 shares of the company’s stock valued at $381,745,000 after buying an additional 40,491 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Capital Group Dividend Value ETF by 7.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,864,888 shares of the company’s stock valued at $292,541,000 after buying an additional 630,942 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Capital Group Dividend Value ETF by 18.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 7,056,545 shares of the company’s stock valued at $257,140,000 after buying an additional 1,121,465 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in shares of Capital Group Dividend Value ETF by 19.9% in the 3rd quarter. Raymond James & Associates now owns 6,654,717 shares of the company’s stock valued at $242,498,000 after buying an additional 1,104,402 shares in the last quarter.

Capital Group Dividend Value ETF Trading Up 1.3 %

Shares of Capital Group Dividend Value ETF stock opened at $36.28 on Wednesday. The company has a fifty day simple moving average of $36.03 and a 200-day simple moving average of $35.64. Capital Group Dividend Value ETF has a 12-month low of $29.85 and a 12-month high of $37.17. The stock has a market cap of $8.27 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92.

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.