WESPAC Advisors LLC Sells 6,144 Shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV)

WESPAC Advisors LLC reduced its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 12.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,999 shares of the company’s stock after selling 6,144 shares during the period. Capital Group Dividend Value ETF makes up about 1.2% of WESPAC Advisors LLC’s portfolio, making the stock its 21st biggest holding. WESPAC Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $1,485,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Glassman Wealth Services bought a new stake in shares of Capital Group Dividend Value ETF in the first quarter valued at about $29,000. Transcendent Capital Group LLC bought a new stake in shares of Capital Group Dividend Value ETF in the fourth quarter valued at approximately $33,000. Signaturefd LLC acquired a new stake in Capital Group Dividend Value ETF during the second quarter worth approximately $36,000. Russell Investments Group Ltd. bought a new position in Capital Group Dividend Value ETF during the 1st quarter worth $42,000. Finally, Raleigh Capital Management Inc. acquired a new position in Capital Group Dividend Value ETF in the 4th quarter valued at $61,000.

Capital Group Dividend Value ETF Stock Up 0.7 %

Shares of CGDV traded up $0.24 during trading hours on Friday, hitting $35.76. 1,287,763 shares of the company were exchanged, compared to its average volume of 1,614,655. Capital Group Dividend Value ETF has a fifty-two week low of $25.47 and a fifty-two week high of $35.78. The company has a market cap of $8.15 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92. The firm’s fifty day moving average is $34.17 and its 200 day moving average is $32.85.

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.