Ausdal Financial Partners Inc. Grows Stock Position in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Ausdal Financial Partners Inc. raised its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 10.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 80,421 shares of the company’s stock after acquiring an additional 7,853 shares during the period. Ausdal Financial Partners Inc.’s holdings in Capital Group Dividend Value ETF were worth $2,654,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Advance Capital Management Inc. purchased a new stake in Capital Group Dividend Value ETF during the second quarter valued at about $300,292,000. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Capital Group Dividend Value ETF by 6.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 9,000,947 shares of the company’s stock worth $297,031,000 after purchasing an additional 519,112 shares during the period. Envestnet Asset Management Inc. increased its position in Capital Group Dividend Value ETF by 15.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 6,331,512 shares of the company’s stock worth $188,932,000 after purchasing an additional 824,110 shares in the last quarter. Capital Group Private Client Services Inc. raised its holdings in Capital Group Dividend Value ETF by 7.6% in the first quarter. Capital Group Private Client Services Inc. now owns 6,102,611 shares of the company’s stock valued at $198,335,000 after buying an additional 431,056 shares during the period. Finally, Commonwealth Equity Services LLC lifted its position in Capital Group Dividend Value ETF by 32.5% during the second quarter. Commonwealth Equity Services LLC now owns 5,935,080 shares of the company’s stock valued at $195,858,000 after buying an additional 1,457,036 shares in the last quarter.

Capital Group Dividend Value ETF Stock Down 1.2 %

Shares of Capital Group Dividend Value ETF stock traded down $0.43 during trading hours on Friday, hitting $34.52. The company’s stock had a trading volume of 1,440,616 shares, compared to its average volume of 1,612,837. The business has a fifty day moving average of $34.36 and a 200 day moving average of $33.03. Capital Group Dividend Value ETF has a 1-year low of $25.47 and a 1-year high of $35.78. The company has a market capitalization of $7.87 billion, a PE ratio of 22.38 and a beta of 0.92.

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.