Valmark Advisers Inc. Increases Position in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Valmark Advisers Inc. boosted its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 11.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 770,242 shares of the company’s stock after purchasing an additional 80,472 shares during the quarter. Valmark Advisers Inc. owned about 0.34% of Capital Group Dividend Value ETF worth $27,159,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CGDV. LPL Financial LLC grew its holdings in Capital Group Dividend Value ETF by 26.8% in the third quarter. LPL Financial LLC now owns 16,169,046 shares of the company’s stock worth $589,200,000 after purchasing an additional 3,415,106 shares during the period. Commonwealth Equity Services LLC grew its holdings in Capital Group Dividend Value ETF by 18.9% in the third quarter. Commonwealth Equity Services LLC now owns 7,056,545 shares of the company’s stock worth $257,140,000 after purchasing an additional 1,121,465 shares during the period. Raymond James & Associates grew its holdings in Capital Group Dividend Value ETF by 19.9% in the third quarter. Raymond James & Associates now owns 6,654,717 shares of the company’s stock worth $242,498,000 after purchasing an additional 1,104,402 shares during the period. International Assets Investment Management LLC grew its holdings in Capital Group Dividend Value ETF by 5,953.4% in the third quarter. International Assets Investment Management LLC now owns 649,106 shares of the company’s stock worth $236,530,000 after purchasing an additional 638,383 shares during the period. Finally, Benjamin Edwards Inc. bought a new position in shares of Capital Group Dividend Value ETF in the third quarter worth approximately $21,765,000.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA CGDV opened at $37.20 on Friday. The firm’s 50 day moving average price is $36.12 and its 200-day moving average price is $35.97. The company has a market cap of $8.48 billion, a PE ratio of 22.38 and a beta of 0.92. Capital Group Dividend Value ETF has a 52-week low of $30.28 and a 52-week high of $37.38.

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.