Founders Financial Securities LLC Boosts Holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Founders Financial Securities LLC increased its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 24.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 78,651 shares of the company’s stock after buying an additional 15,637 shares during the period. Founders Financial Securities LLC’s holdings in Capital Group Dividend Value ETF were worth $2,556,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. increased its holdings in Capital Group Dividend Value ETF by 23.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 7,283,139 shares of the company’s stock worth $217,329,000 after buying an additional 1,385,299 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Capital Group Dividend Value ETF by 15.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 6,331,512 shares of the company’s stock worth $188,932,000 after buying an additional 824,110 shares during the last quarter. Raymond James & Associates increased its holdings in Capital Group Dividend Value ETF by 12.8% during the fourth quarter. Raymond James & Associates now owns 4,124,429 shares of the company’s stock worth $123,073,000 after buying an additional 468,938 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Capital Group Dividend Value ETF by 117.2% in the fourth quarter. Wells Fargo & Company MN now owns 4,098,283 shares of the company’s stock worth $122,293,000 after purchasing an additional 2,211,266 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in shares of Capital Group Dividend Value ETF by 17.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,824,670 shares of the company’s stock worth $114,128,000 after purchasing an additional 560,690 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of CGDV traded down $0.03 during trading hours on Friday, hitting $33.00. The company’s stock had a trading volume of 1,472,590 shares, compared to its average volume of 1,579,667. The company has a market cap of $7.52 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92. The business has a 50 day simple moving average of $32.79 and a two-hundred day simple moving average of $31.48. Capital Group Dividend Value ETF has a 52-week low of $25.47 and a 52-week high of $33.56.

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.