Beacon Financial Group Makes New Investment in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Beacon Financial Group bought a new stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,311 shares of the company’s stock, valued at approximately $258,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CGDV. LPL Financial LLC lifted its stake in shares of Capital Group Dividend Value ETF by 26.8% in the 3rd quarter. LPL Financial LLC now owns 16,169,046 shares of the company’s stock valued at $589,200,000 after purchasing an additional 3,415,106 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Capital Group Dividend Value ETF by 18.9% in the third quarter. Commonwealth Equity Services LLC now owns 7,056,545 shares of the company’s stock worth $257,140,000 after buying an additional 1,121,465 shares during the last quarter. Raymond James & Associates lifted its position in Capital Group Dividend Value ETF by 19.9% in the third quarter. Raymond James & Associates now owns 6,654,717 shares of the company’s stock worth $242,498,000 after buying an additional 1,104,402 shares during the last quarter. Summit Investment Advisory Services LLC purchased a new position in Capital Group Dividend Value ETF during the third quarter worth $32,260,000. Finally, International Assets Investment Management LLC increased its position in Capital Group Dividend Value ETF by 5,953.4% during the third quarter. International Assets Investment Management LLC now owns 649,106 shares of the company’s stock valued at $236,530,000 after acquiring an additional 638,383 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Capital Group Dividend Value ETF stock opened at $37.21 on Thursday. The firm has a market capitalization of $8.48 billion, a P/E ratio of 22.38 and a beta of 0.92. Capital Group Dividend Value ETF has a 1-year low of $29.86 and a 1-year high of $37.28. The company’s 50-day moving average is $36.10 and its 200 day moving average is $35.93.

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.