Stifel Financial Corp Buys 580,383 Shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Stifel Financial Corp increased its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 29.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,563,357 shares of the company’s stock after purchasing an additional 580,383 shares during the quarter. Stifel Financial Corp owned about 1.12% of Capital Group Dividend Value ETF worth $90,384,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CGDV. Anchor Investment Management LLC acquired a new position in Capital Group Dividend Value ETF during the third quarter valued at approximately $453,000. World Investment Advisors LLC increased its stake in Capital Group Dividend Value ETF by 31.5% in the 3rd quarter. World Investment Advisors LLC now owns 85,516 shares of the company’s stock valued at $3,116,000 after buying an additional 20,485 shares during the last quarter. Peapack Gladstone Financial Corp increased its position in shares of Capital Group Dividend Value ETF by 0.5% in the third quarter. Peapack Gladstone Financial Corp now owns 80,610 shares of the company’s stock valued at $2,937,000 after acquiring an additional 440 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of Capital Group Dividend Value ETF during the 3rd quarter worth approximately $201,000. Finally, Advance Capital Management Inc. increased its holdings in Capital Group Dividend Value ETF by 0.4% during the fourth quarter. Advance Capital Management Inc. now owns 10,826,570 shares of the company’s stock worth $381,745,000 after buying an additional 40,491 shares during the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV stock opened at $32.83 on Tuesday. Capital Group Dividend Value ETF has a 52-week low of $30.94 and a 52-week high of $37.38. The stock has a market cap of $13.33 billion, a price-to-earnings ratio of 24.24 and a beta of 0.89. The firm’s 50-day moving average is $35.48 and its 200-day moving average is $36.03.

Capital Group Dividend Value ETF Dividend Announcement

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

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.