Advisory Services Network LLC Increases Stock Position in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Advisory Services Network LLC grew its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDVFree Report) by 10.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 243,807 shares of the company’s stock after purchasing an additional 23,725 shares during the period. Advisory Services Network LLC owned approximately 0.11% of Capital Group Dividend Value ETF worth $7,924,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Wells Fargo & Company MN grew its stake in shares of Capital Group Dividend Value ETF by 117.2% in the 4th quarter. Wells Fargo & Company MN now owns 4,098,283 shares of the company’s stock worth $122,293,000 after buying an additional 2,211,266 shares in the last quarter. Confluence Wealth Services Inc. grew its position in Capital Group Dividend Value ETF by 71.8% in the fourth quarter. Confluence Wealth Services Inc. now owns 3,462,094 shares of the company’s stock worth $103,309,000 after acquiring an additional 1,446,779 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Capital Group Dividend Value ETF by 23.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 7,283,139 shares of the company’s stock worth $217,329,000 after acquiring an additional 1,385,299 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Capital Group Dividend Value ETF by 51.9% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 2,860,972 shares of the company’s stock valued at $85,371,000 after purchasing an additional 977,176 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Capital Group Dividend Value ETF by 15.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 6,331,512 shares of the company’s stock valued at $188,932,000 after purchasing an additional 824,110 shares during the last quarter.

Capital Group Dividend Value ETF Trading Up 0.6 %

Shares of CGDV stock traded up $0.21 during trading hours on Friday, reaching $34.04. 501,085 shares of the stock were exchanged, compared to its average volume of 1,576,032. Capital Group Dividend Value ETF has a 12-month low of $25.47 and a 12-month high of $34.05. The firm has a market capitalization of $7.76 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92. The company’s 50-day moving average price is $33.06 and its 200-day moving average price is $31.71.

Capital Group Dividend Value ETF Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Capital Group Dividend Value ETF (NYSEARCA:CGDV)

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