Capital Group Dividend Value ETF (NYSEARCA:CGDV) Shares Sold by CapWealth Advisors LLC

CapWealth Advisors LLC trimmed its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 1.5% during the fourth quarter, HoldingsChannel reports. The fund owned 28,634 shares of the company’s stock after selling 450 shares during the quarter. CapWealth Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $854,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in CGDV. Envestnet Asset Management Inc. grew its position in Capital Group Dividend Value ETF by 143.1% during the third quarter. Envestnet Asset Management Inc. now owns 5,507,402 shares of the company’s stock worth $145,781,000 after buying an additional 3,242,240 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in Capital Group Dividend Value ETF by 60.8% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 5,897,840 shares of the company’s stock worth $156,116,000 after buying an additional 2,230,114 shares during the period. Confluence Wealth Services Inc. grew its position in Capital Group Dividend Value ETF by 71.8% during the fourth quarter. Confluence Wealth Services Inc. now owns 3,462,094 shares of the company’s stock worth $103,309,000 after buying an additional 1,446,779 shares during the period. LPL Financial LLC grew its position in Capital Group Dividend Value ETF by 20.6% during the third quarter. LPL Financial LLC now owns 6,795,375 shares of the company’s stock worth $179,874,000 after buying an additional 1,161,371 shares during the period. Finally, Capital International Investors acquired a new position in Capital Group Dividend Value ETF during the first quarter worth about $24,214,000.

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA CGDV traded up $0.14 on Thursday, hitting $31.43. The company’s stock had a trading volume of 919,457 shares, compared to its average volume of 1,442,904. Capital Group Dividend Value ETF has a 12-month low of $24.86 and a 12-month high of $32.74. The company has a market capitalization of $6.91 billion, a price-to-earnings ratio of 21.74 and a beta of 0.91. The stock has a 50 day moving average of $31.55 and a 200-day moving average of $29.44.

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.