Axxcess Wealth Management LLC Increases Stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Axxcess Wealth Management LLC raised its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 4.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 645,019 shares of the company’s stock after buying an additional 27,310 shares during the period. Axxcess Wealth Management LLC owned approximately 0.28% of Capital Group Dividend Value ETF worth $21,286,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. LPL Financial LLC increased its stake in shares of Capital Group Dividend Value ETF by 15.6% during the second quarter. LPL Financial LLC now owns 12,753,940 shares of the company’s stock worth $420,880,000 after buying an additional 1,722,366 shares during the period. Advance Capital Management Inc. acquired a new position in Capital Group Dividend Value ETF during the 2nd quarter worth approximately $300,292,000. Raymond James Financial Services Advisors Inc. increased its position in shares of Capital Group Dividend Value ETF by 6.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 9,000,947 shares of the company’s stock valued at $297,031,000 after purchasing an additional 519,112 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Capital Group Dividend Value ETF by 15.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,007,181 shares of the company’s stock valued at $264,237,000 after purchasing an additional 1,042,548 shares in the last quarter. Finally, Capital Group Private Client Services Inc. lifted its position in shares of Capital Group Dividend Value ETF by 7.6% during the 1st quarter. Capital Group Private Client Services Inc. now owns 6,102,611 shares of the company’s stock worth $198,335,000 after purchasing an additional 431,056 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

NYSEARCA:CGDV opened at $35.76 on Tuesday. Capital Group Dividend Value ETF has a 12 month low of $25.47 and a 12 month high of $35.78. The firm has a market capitalization of $8.15 billion, a PE ratio of 22.38 and a beta of 0.92. The business’s fifty day moving average price is $34.61 and its 200 day moving average price is $33.23.

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.