M.E. Allison & CO. Inc. Buys Shares of 107,745 Capital Group Dividend Value ETF (NYSEARCA:CGDV)

M.E. Allison & CO. Inc. bought a new stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the 4th quarter, HoldingsChannel reports. The firm bought 107,745 shares of the company’s stock, valued at approximately $3,799,000. Capital Group Dividend Value ETF accounts for about 4.2% of M.E. Allison & CO. Inc.’s portfolio, making the stock its biggest position.

Several other institutional investors have also added to or reduced their stakes in CGDV. Creative Planning boosted its stake in shares of Capital Group Dividend Value ETF by 36.9% in the 3rd quarter. Creative Planning now owns 28,271 shares of the company’s stock worth $1,030,000 after buying an additional 7,618 shares during the last quarter. Souders Financial Advisors boosted its stake in shares of Capital Group Dividend Value ETF by 1.9% in the 2nd quarter. Souders Financial Advisors now owns 728,080 shares of the company’s stock worth $24,027,000 after buying an additional 13,907 shares during the last quarter. Prospect Financial Services LLC purchased a new position in shares of Capital Group Dividend Value ETF in the 3rd quarter worth $248,000. PFG Advisors boosted its stake in shares of Capital Group Dividend Value ETF by 13.5% in the 3rd quarter. PFG Advisors now owns 75,993 shares of the company’s stock worth $2,769,000 after buying an additional 9,056 shares during the last quarter. Finally, Armstrong Fleming & Moore Inc boosted its stake in shares of Capital Group Dividend Value ETF by 23.1% in the 3rd quarter. Armstrong Fleming & Moore Inc now owns 116,198 shares of the company’s stock worth $4,234,000 after buying an additional 21,827 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

CGDV stock opened at $35.82 on Monday. The company has a market cap of $8.16 billion, a P/E ratio of 22.38 and a beta of 0.92. Capital Group Dividend Value ETF has a 1 year low of $29.34 and a 1 year high of $37.17. The stock’s fifty day moving average price is $36.06 and its 200-day moving average price is $35.60.

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.