Capital Group Dividend Value ETF (NYSEARCA:CGDV) Shares Sold by Financial Advocates Investment Management

Financial Advocates Investment Management lowered its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 3.3% during the fourth quarter, Holdings Channel reports. The fund owned 206,624 shares of the company’s stock after selling 7,137 shares during the quarter. Financial Advocates Investment Management’s holdings in Capital Group Dividend Value ETF were worth $7,286,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC raised its holdings in 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 acquiring an additional 3,415,106 shares during the last quarter. Advance Capital Management Inc. increased its stake in Capital Group Dividend Value ETF by 0.4% in the fourth quarter. Advance Capital Management Inc. now owns 10,826,570 shares of the company’s stock valued at $381,745,000 after purchasing an additional 40,491 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Capital Group Dividend Value ETF by 18.9% during 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 period. Raymond James & Associates lifted its position in Capital Group Dividend Value ETF by 19.9% during 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 period. Finally, Confluence Wealth Services Inc. boosted its stake in 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 worth $172,341,000 after buying an additional 388,981 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

NYSEARCA CGDV opened at $36.90 on Thursday. The company has a market cap of $8.41 billion, a P/E ratio of 22.38 and a beta of 0.92. Capital Group Dividend Value ETF has a 12 month low of $29.86 and a 12 month high of $37.17. The company has a 50-day moving average of $36.08 and a 200-day moving average of $35.83.

Capital Group Dividend Value ETF Company 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.