Cannon Wealth Management Services LLC Has $818,000 Position in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Cannon Wealth Management Services LLC cut its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 5.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,096 shares of the company’s stock after selling 1,360 shares during the quarter. Capital Group Dividend Value ETF comprises 0.7% of Cannon Wealth Management Services LLC’s portfolio, making the stock its 28th biggest holding. Cannon Wealth Management Services LLC’s holdings in Capital Group Dividend Value ETF were worth $818,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. LPL Financial LLC grew its stake in Capital Group Dividend Value ETF by 34.0% during the first quarter. LPL Financial LLC now owns 29,452,035 shares of the company’s stock worth $1,049,670,000 after purchasing an additional 7,468,408 shares during the period. Envestnet Asset Management Inc. increased its stake in Capital Group Dividend Value ETF by 36.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 15,207,625 shares of the company’s stock worth $542,000,000 after acquiring an additional 4,071,484 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of Capital Group Dividend Value ETF by 739.0% during the 1st quarter. D.A. Davidson & CO. now owns 3,241,910 shares of the company’s stock valued at $115,542,000 after purchasing an additional 2,855,493 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Capital Group Dividend Value ETF by 42.2% during the 4th quarter. Cetera Investment Advisers now owns 8,447,056 shares of the company’s stock valued at $297,843,000 after purchasing an additional 2,508,825 shares during the last quarter. Finally, Advance Capital Management Inc. boosted its holdings in Capital Group Dividend Value ETF by 17.7% during the 1st quarter. Advance Capital Management Inc. now owns 12,746,076 shares of the company’s stock valued at $454,270,000 after acquiring an additional 1,919,506 shares during the period.

Capital Group Dividend Value ETF Price Performance

CGDV stock opened at $40.92 on Wednesday. The stock’s fifty day moving average price is $39.05 and its 200-day moving average price is $36.89. Capital Group Dividend Value ETF has a 1 year low of $30.94 and a 1 year high of $41.30. The company has a market cap of $19.75 billion, a P/E ratio of 26.59 and a beta of 0.91.

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.