Wells Fargo & Company MN Has $316.16 Million Position in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Wells Fargo & Company MN raised its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 10.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 8,966,425 shares of the company’s stock after purchasing an additional 860,172 shares during the quarter. Wells Fargo & Company MN’s holdings in Capital Group Dividend Value ETF were worth $316,156,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CGDV. LPL Financial LLC increased its stake in shares of Capital Group Dividend Value ETF by 36.0% in the fourth quarter. LPL Financial LLC now owns 21,983,627 shares of the company’s stock worth $775,143,000 after acquiring an additional 5,814,581 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Capital Group Dividend Value ETF in the 4th quarter worth about $601,244,000. Advance Capital Management Inc. raised its stake in shares of Capital Group Dividend Value ETF by 0.4% during the 4th quarter. Advance Capital Management Inc. now owns 10,826,570 shares of the company’s stock worth $381,745,000 after purchasing an additional 40,491 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Capital Group Dividend Value ETF by 14.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 8,065,081 shares of the company’s stock valued at $284,375,000 after buying an additional 1,008,536 shares in the last quarter. Finally, Confluence Wealth Services Inc. grew its stake in shares of Capital Group Dividend Value ETF by 9.0% in the 4th quarter. Confluence Wealth Services Inc. now owns 4,708,770 shares of the company’s stock valued at $172,341,000 after buying an additional 388,981 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV opened at $32.33 on Friday. The firm has a market cap of $13.12 billion, a PE ratio of 24.24 and a beta of 0.89. The firm’s 50 day moving average price is $36.39 and its 200 day moving average price is $36.29. Capital Group Dividend Value ETF has a twelve month low of $31.03 and a twelve month high of $37.38.

Capital Group Dividend Value ETF Announces Dividend

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