Merit Financial Group LLC Reduces Stock Position in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Merit Financial Group LLC trimmed its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 2.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 401,327 shares of the company’s stock after selling 8,508 shares during the period. Merit Financial Group LLC’s holdings in Capital Group Dividend Value ETF were worth $14,151,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. LPL Financial LLC boosted its holdings in shares of Capital Group Dividend Value ETF by 26.8% in the third quarter. LPL Financial LLC now owns 16,169,046 shares of the company’s stock worth $589,200,000 after acquiring an additional 3,415,106 shares during the period. Advance Capital Management Inc. lifted its holdings in 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. Northwestern Mutual Wealth Management Co. boosted its stake in Capital Group Dividend Value ETF by 7.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,864,888 shares of the company’s stock worth $292,541,000 after purchasing an additional 630,942 shares during the period. Commonwealth Equity Services LLC grew its holdings in Capital Group Dividend Value ETF by 18.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 7,056,545 shares of the company’s stock valued at $257,140,000 after buying an additional 1,121,465 shares in the last quarter. Finally, Raymond James & Associates increased its position in shares of 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 valued at $242,498,000 after buying an additional 1,104,402 shares during the period.

Capital Group Dividend Value ETF Trading Up 0.8 %

Shares of Capital Group Dividend Value ETF stock opened at $35.82 on Friday. The company’s 50-day moving average price is $36.06 and its 200-day moving average price is $35.56. The company has a market cap of $8.16 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92. Capital Group Dividend Value ETF has a 12-month low of $29.34 and a 12-month high of $37.17.

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.