Barnes Pettey Financial Advisors LLC Purchases 7,030 Shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Barnes Pettey Financial Advisors LLC boosted its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 9.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 81,002 shares of the company’s stock after purchasing an additional 7,030 shares during the quarter. Capital Group Dividend Value ETF makes up 2.2% of Barnes Pettey Financial Advisors LLC’s portfolio, making the stock its 13th largest position. Barnes Pettey Financial Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $2,856,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. LPL Financial LLC increased its holdings in Capital Group Dividend Value ETF by 26.8% in the 3rd quarter. LPL Financial LLC now owns 16,169,046 shares of the company’s stock valued at $589,200,000 after acquiring an additional 3,415,106 shares during the last quarter. Advance Capital Management Inc. grew its position in shares of Capital Group Dividend Value ETF by 18.5% during the third quarter. Advance Capital Management Inc. now owns 10,786,079 shares of the company’s stock valued at $393,045,000 after purchasing an additional 1,686,328 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Capital Group Dividend Value ETF by 18.9% in the third quarter. Commonwealth Equity Services LLC now owns 7,056,545 shares of the company’s stock worth $257,140,000 after purchasing an additional 1,121,465 shares during the last quarter. Raymond James & Associates lifted its position in shares of Capital Group Dividend Value ETF by 19.9% in the third quarter. Raymond James & Associates now owns 6,654,717 shares of the company’s stock worth $242,498,000 after buying an additional 1,104,402 shares in the last quarter. Finally, Summit Investment Advisory Services LLC bought a new position in Capital Group Dividend Value ETF during the third quarter valued at approximately $32,260,000.

Capital Group Dividend Value ETF Price Performance

NYSEARCA:CGDV opened at $36.92 on Friday. The company has a market cap of $8.41 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92. Capital Group Dividend Value ETF has a 1 year low of $29.85 and a 1 year high of $37.17. The stock’s 50 day simple moving average is $36.08 and its two-hundred day simple moving average is $35.75.

Capital Group Dividend Value ETF Company 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.