Wedbush Securities Inc. Increases Stock Position in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Wedbush Securities Inc. lifted its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 18.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 415,998 shares of the company’s stock after buying an additional 63,738 shares during the period. Capital Group Dividend Value ETF comprises 0.5% of Wedbush Securities Inc.’s investment portfolio, making the stock its 22nd biggest holding. Wedbush Securities Inc. owned approximately 0.18% of Capital Group Dividend Value ETF worth $14,668,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. HighTower Advisors LLC boosted its position in Capital Group Dividend Value ETF by 169.7% during the third quarter. HighTower Advisors LLC now owns 497,601 shares of the company’s stock worth $18,125,000 after purchasing an additional 313,085 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Capital Group Dividend Value ETF by 8.2% in the 3rd quarter. Stifel Financial Corp now owns 1,982,974 shares of the company’s stock worth $72,260,000 after buying an additional 149,755 shares in the last quarter. Jane Street Group LLC grew its stake in Capital Group Dividend Value ETF by 83.5% in the 3rd quarter. Jane Street Group LLC now owns 388,403 shares of the company’s stock valued at $14,153,000 after acquiring an additional 176,697 shares during the last quarter. Orion Portfolio Solutions LLC increased its holdings in Capital Group Dividend Value ETF by 11.0% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 604,439 shares of the company’s stock valued at $22,026,000 after acquiring an additional 59,699 shares in the last quarter. Finally, MML Investors Services LLC raised its position in Capital Group Dividend Value ETF by 8.1% during the third quarter. MML Investors Services LLC now owns 3,273,939 shares of the company’s stock worth $119,302,000 after acquiring an additional 246,437 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

CGDV stock opened at $32.33 on Friday. The company’s 50 day simple moving average is $36.39 and its 200-day simple moving average is $36.29. Capital Group Dividend Value ETF has a 12 month low of $31.03 and a 12 month high of $37.38. The firm has a market capitalization of $13.12 billion, a PE ratio of 24.24 and a beta of 0.89.

Capital Group Dividend Value ETF Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 1st. Shareholders 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.