Mayflower Financial Advisors LLC Cuts Stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Mayflower Financial Advisors LLC lowered its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 2.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,134 shares of the company’s stock after selling 315 shares during the period. Mayflower Financial Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $433,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CGDV. Glassman Wealth Services purchased a new stake in Capital Group Dividend Value ETF during the 1st quarter valued at about $29,000. Transcendent Capital Group LLC purchased a new stake in Capital Group Dividend Value ETF during the 4th quarter valued at about $33,000. Signaturefd LLC purchased a new stake in Capital Group Dividend Value ETF during the 2nd quarter valued at about $36,000. Russell Investments Group Ltd. purchased a new stake in Capital Group Dividend Value ETF during the 1st quarter valued at about $42,000. Finally, Raleigh Capital Management Inc. purchased a new stake in Capital Group Dividend Value ETF during the 4th quarter valued at about $61,000.

Capital Group Dividend Value ETF Price Performance

Capital Group Dividend Value ETF stock opened at $34.95 on Friday. The firm has a 50 day simple moving average of $34.33 and a 200-day simple moving average of $32.99. Capital Group Dividend Value ETF has a 1-year low of $25.47 and a 1-year high of $35.78. The stock has a market cap of $7.97 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92.

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.