Cannon Wealth Management Services LLC Sells 2,316 Shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Cannon Wealth Management Services LLC lessened its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 8.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 24,456 shares of the company’s stock after selling 2,316 shares during the quarter. Capital Group Dividend Value ETF makes up 0.8% of Cannon Wealth Management Services LLC’s portfolio, making the stock its 28th biggest position. Cannon Wealth Management Services LLC’s holdings in Capital Group Dividend Value ETF were worth $895,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Venturi Wealth Management LLC acquired a new stake in Capital Group Dividend Value ETF during the 4th quarter worth $47,000. Blue Trust Inc. raised its stake in Capital Group Dividend Value ETF by 33.3% during the 4th quarter. Blue Trust Inc. now owns 1,600 shares of the company’s stock worth $58,000 after buying an additional 400 shares during the period. Cassady Schiller Wealth Management LLC acquired a new stake in Capital Group Dividend Value ETF during the 3rd quarter worth $83,000. Oakworth Capital Inc. acquired a new stake in Capital Group Dividend Value ETF during the 4th quarter worth $129,000. Finally, Westside Investment Management Inc. raised its stake in shares of Capital Group Dividend Value ETF by 1,595.7% in the 4th quarter. Westside Investment Management Inc. now owns 3,900 shares of the company’s stock valued at $138,000 after purchasing an additional 3,670 shares during the period.

Capital Group Dividend Value ETF Price Performance

CGDV opened at $36.83 on Monday. The business’s 50-day moving average price is $36.20 and its two-hundred day moving average price is $36.10. Capital Group Dividend Value ETF has a 1 year low of $30.72 and a 1 year high of $37.38. The company has a market capitalization of $8.39 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92.

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.