Royal Bank of Canada Increases Stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Royal Bank of Canada boosted its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 28.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,480,456 shares of the company’s stock after acquiring an additional 774,699 shares during the period. Royal Bank of Canada owned 1.53% of Capital Group Dividend Value ETF worth $122,721,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Capital International Investors lifted its holdings in Capital Group Dividend Value ETF by 1.1% during the 4th quarter. Capital International Investors now owns 23,536,765 shares of the company’s stock worth $829,906,000 after purchasing an additional 253,414 shares in the last quarter. LPL Financial LLC increased its position in shares of Capital Group Dividend Value ETF by 36.0% during the fourth quarter. LPL Financial LLC now owns 21,983,627 shares of the company’s stock valued at $775,143,000 after buying an additional 5,814,581 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Capital Group Dividend Value ETF in the fourth quarter worth about $601,244,000. Envestnet Asset Management Inc. boosted its position in shares of Capital Group Dividend Value ETF by 13.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 11,136,141 shares of the company’s stock valued at $392,660,000 after acquiring an additional 1,336,256 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of Capital Group Dividend Value ETF by 10.6% in the fourth quarter. Wells Fargo & Company MN now owns 8,966,425 shares of the company’s stock valued at $316,156,000 after acquiring an additional 860,172 shares during the period.

Capital Group Dividend Value ETF Trading Up 0.7%

Shares of NYSEARCA:CGDV opened at $37.16 on Monday. The company has a 50 day moving average of $34.99 and a 200 day moving average of $35.88. The stock has a market cap of $16.22 billion, a P/E ratio of 25.72 and a beta of 0.89. Capital Group Dividend Value ETF has a 12 month low of $30.94 and a 12 month high of $37.38.

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 given a dividend of $0.1067 per share. The ex-dividend date was Monday, March 31st.

Capital Group Dividend Value ETF Company 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.