Bay Colony Advisory Group Inc d b a Bay Colony Advisors Increases Position in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 6.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 891,114 shares of the company’s stock after acquiring an additional 53,455 shares during the period. Capital Group Dividend Value ETF makes up 4.9% of Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ portfolio, making the stock its largest holding. Bay Colony Advisory Group Inc d b a Bay Colony Advisors owned approximately 0.39% of Capital Group Dividend Value ETF worth $32,472,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Headlands Technologies LLC bought a new stake in shares of Capital Group Dividend Value ETF in the 2nd quarter worth about $27,000. Glassman Wealth Services bought a new stake in shares of Capital Group Dividend Value ETF in the 1st quarter worth about $29,000. Signaturefd LLC bought a new position in Capital Group Dividend Value ETF during the 2nd quarter valued at about $36,000. Hershey Financial Advisers LLC bought a new position in Capital Group Dividend Value ETF during the 2nd quarter valued at about $36,000. Finally, Russell Investments Group Ltd. bought a new position in Capital Group Dividend Value ETF during the 1st quarter valued at about $42,000.

Capital Group Dividend Value ETF Stock Up 0.3 %

NYSEARCA:CGDV traded up $0.11 during mid-day trading on Monday, hitting $36.37. 93,473 shares of the stock traded hands, compared to its average volume of 1,596,879. The stock has a market capitalization of $8.29 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92. Capital Group Dividend Value ETF has a 52 week low of $25.67 and a 52 week high of $37.17. The firm’s 50 day moving average is $35.96 and its two-hundred day moving average is $34.14.

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.