Advisory Services Network LLC Acquires 55,674 Shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Advisory Services Network LLC raised its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 13.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 471,765 shares of the company’s stock after purchasing an additional 55,674 shares during the period. Advisory Services Network LLC’s holdings in Capital Group Dividend Value ETF were worth $16,634,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CGDV. Venturi Wealth Management LLC bought a new stake in Capital Group Dividend Value ETF during the fourth quarter worth $47,000. PNC Financial Services Group Inc. bought a new position in shares of Capital Group Dividend Value ETF during the fourth quarter valued at about $55,000. Blue Trust Inc. boosted its holdings in Capital Group Dividend Value ETF by 33.3% during the fourth quarter. Blue Trust Inc. now owns 1,600 shares of the company’s stock worth $58,000 after purchasing an additional 400 shares during the last quarter. Oakworth Capital Inc. purchased a new position in Capital Group Dividend Value ETF in the fourth quarter worth $129,000. Finally, Westside Investment Management Inc. raised its position in Capital Group Dividend Value ETF by 1,595.7% in the fourth quarter. Westside Investment Management Inc. now owns 3,900 shares of the company’s stock worth $138,000 after acquiring an additional 3,670 shares during the period.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV opened at $32.19 on Tuesday. The business has a 50-day moving average of $36.30 and a 200 day moving average of $36.27. Capital Group Dividend Value ETF has a fifty-two week low of $30.94 and a fifty-two week high of $37.38. The firm has a market cap of $13.07 billion, a P/E ratio of 24.24 and a beta of 0.89.

Capital Group Dividend Value ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 31st were issued a $0.1067 dividend. The ex-dividend date was Monday, March 31st.

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.