Turning Point Benefit Group Inc. Invests $265,000 in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Turning Point Benefit Group Inc. bought a new stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,547 shares of the company’s stock, valued at approximately $265,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Concurrent Investment Advisors LLC boosted its holdings in Capital Group Dividend Value ETF by 26.5% in the fourth quarter. Concurrent Investment Advisors LLC now owns 398,068 shares of the company’s stock valued at $14,036,000 after acquiring an additional 83,315 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Capital Group Dividend Value ETF by 39.8% during the fourth quarter. Private Advisor Group LLC now owns 1,481,090 shares of the company’s stock worth $52,223,000 after purchasing an additional 421,804 shares during the period. Financial Perspectives Inc raised its position in Capital Group Dividend Value ETF by 7.5% in the 4th quarter. Financial Perspectives Inc now owns 9,347 shares of the company’s stock valued at $330,000 after buying an additional 656 shares during the last quarter. Clear Point Advisors Inc. raised its position in Capital Group Dividend Value ETF by 7.2% in the 4th quarter. Clear Point Advisors Inc. now owns 44,190 shares of the company’s stock valued at $1,558,000 after buying an additional 2,973 shares during the last quarter. Finally, Global Retirement Partners LLC raised its position in Capital Group Dividend Value ETF by 5.3% in the 4th quarter. Global Retirement Partners LLC now owns 689,122 shares of the company’s stock valued at $24,298,000 after buying an additional 34,932 shares during the last quarter.

Capital Group Dividend Value ETF Trading Down 1.3 %

NYSEARCA CGDV opened at $36.83 on Friday. The firm has a market capitalization of $8.39 billion, a P/E ratio of 22.38 and a beta of 0.92. The business has a fifty day simple moving average of $36.20 and a 200 day simple moving average of $36.06. Capital Group Dividend Value ETF has a 12 month low of $30.72 and a 12 month high of $37.38.

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.