Creative Financial Designs Inc. ADV Trims Stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Creative Financial Designs Inc. ADV lowered its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 0.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 357,585 shares of the company’s stock after selling 1,943 shares during the period. Capital Group Dividend Value ETF comprises about 1.0% of Creative Financial Designs Inc. ADV’s holdings, making the stock its 21st largest position. Creative Financial Designs Inc. ADV’s holdings in Capital Group Dividend Value ETF were worth $12,608,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. IMG Wealth Management Inc. purchased a new position in shares of Capital Group Dividend Value ETF during the fourth quarter valued at about $6,881,000. GWN Securities Inc. bought a new stake in Capital Group Dividend Value ETF during the fourth quarter worth about $1,031,000. Harbour Investments Inc. boosted its stake in Capital Group Dividend Value ETF by 28.4% during the fourth quarter. Harbour Investments Inc. now owns 418,621 shares of the company’s stock worth $14,761,000 after acquiring an additional 92,648 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Capital Group Dividend Value ETF by 18.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 557,351 shares of the company’s stock worth $19,652,000 after acquiring an additional 84,851 shares in the last quarter. Finally, Kestra Advisory Services LLC boosted its stake in Capital Group Dividend Value ETF by 23.2% during the fourth quarter. Kestra Advisory Services LLC now owns 3,697,300 shares of the company’s stock worth $130,367,000 after acquiring an additional 696,412 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

NYSEARCA:CGDV opened at $35.79 on Monday. Capital Group Dividend Value ETF has a one year low of $31.03 and a one year high of $37.38. The company’s 50-day simple moving average is $36.40 and its 200 day simple moving average is $36.26. The firm has a market capitalization of $13.68 billion, a P/E ratio of 25.21 and a beta of 0.90.

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.