Forge Financial Services LLC Purchases Shares of 401,393 Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Forge Financial Services LLC acquired a new stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 401,393 shares of the company’s stock, valued at approximately $14,892,000. Capital Group Dividend Value ETF accounts for approximately 12.5% of Forge Financial Services LLC’s portfolio, making the stock its 2nd biggest holding. Forge Financial Services LLC owned approximately 0.18% of Capital Group Dividend Value ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. LPL Financial LLC boosted its holdings in 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 valued at $775,143,000 after acquiring an additional 5,814,581 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Capital Group Dividend Value ETF during the 4th quarter valued at about $601,244,000. Advance Capital Management Inc. increased its position in shares of 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 valued at $381,745,000 after buying an additional 40,491 shares during the period. Commonwealth Equity Services LLC raised its stake in Capital Group Dividend Value ETF by 14.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 8,065,081 shares of the company’s stock worth $284,375,000 after buying an additional 1,008,536 shares in the last quarter. Finally, Confluence Wealth Services Inc. lifted its holdings in Capital Group Dividend Value ETF by 9.0% in the fourth quarter. Confluence Wealth Services Inc. now owns 4,708,770 shares of the company’s stock worth $172,341,000 after buying an additional 388,981 shares during the period.

Capital Group Dividend Value ETF Stock Performance

CGDV stock opened at $34.41 on Friday. The company has a market capitalization of $13.97 billion, a price-to-earnings ratio of 24.24 and a beta of 0.89. The business’s 50 day moving average price is $36.47 and its two-hundred day moving average price is $36.31. Capital Group Dividend Value ETF has a fifty-two week low of $31.03 and a fifty-two week high of $37.38.

Capital Group Dividend Value ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 31st were issued 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.