Truist Financial Corp Acquires 206,773 Shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Truist Financial Corp boosted its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 25.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,025,705 shares of the company’s stock after buying an additional 206,773 shares during the period. Truist Financial Corp’s holdings in Capital Group Dividend Value ETF were worth $36,166,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Northwest Financial Advisors lifted its position in Capital Group Dividend Value ETF by 35.7% in the 4th quarter. Northwest Financial Advisors now owns 35,037 shares of the company’s stock valued at $1,235,000 after acquiring an additional 9,227 shares in the last quarter. Creative Planning lifted its position in Capital Group Dividend Value ETF by 36.9% in the 3rd quarter. Creative Planning now owns 28,271 shares of the company’s stock valued at $1,030,000 after acquiring an additional 7,618 shares in the last quarter. Trilogy Capital Inc. lifted its position in Capital Group Dividend Value ETF by 5.0% in the 4th quarter. Trilogy Capital Inc. now owns 22,718 shares of the company’s stock valued at $801,000 after acquiring an additional 1,083 shares in the last quarter. Cerity Partners LLC lifted its position in Capital Group Dividend Value ETF by 15.0% in the 3rd quarter. Cerity Partners LLC now owns 62,822 shares of the company’s stock valued at $2,289,000 after acquiring an additional 8,203 shares in the last quarter. Finally, Stephens Inc. AR bought a new position in Capital Group Dividend Value ETF in the 4th quarter valued at approximately $247,000.

Capital Group Dividend Value ETF Price Performance

NYSEARCA CGDV opened at $37.21 on Wednesday. The business’s fifty day moving average price is $36.15 and its 200-day moving average price is $36.02. The stock has a market capitalization of $8.48 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92. Capital Group Dividend Value ETF has a 1-year low of $30.28 and a 1-year high of $37.38.

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.