Kovack Advisors Inc. Boosts Holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Kovack Advisors Inc. raised its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 63.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 21,535 shares of the company’s stock after acquiring an additional 8,333 shares during the period. Kovack Advisors Inc.’s holdings in Capital Group Dividend Value ETF were worth $759,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northwest Financial Advisors boosted its position in shares of Capital Group Dividend Value ETF by 35.7% during the fourth quarter. Northwest Financial Advisors now owns 35,037 shares of the company’s stock worth $1,235,000 after acquiring an additional 9,227 shares during the last quarter. Creative Planning lifted its stake in 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 purchasing an additional 7,618 shares in the last quarter. Litman Gregory Wealth Management LLC boosted its holdings in shares of Capital Group Dividend Value ETF by 3.7% during the 4th quarter. Litman Gregory Wealth Management LLC now owns 36,827 shares of the company’s stock valued at $1,299,000 after purchasing an additional 1,327 shares during the last quarter. Stephens Inc. AR purchased a new position in shares of Capital Group Dividend Value ETF during the fourth quarter valued at about $247,000. Finally, Trilogy Capital Inc. increased its holdings in shares of Capital Group Dividend Value ETF by 5.0% in the fourth quarter. Trilogy Capital Inc. now owns 22,718 shares of the company’s stock worth $801,000 after purchasing an additional 1,083 shares during the last quarter.

Capital Group Dividend Value ETF Trading Down 0.7 %

Shares of Capital Group Dividend Value ETF stock opened at $36.54 on Friday. The firm has a market cap of $8.33 billion, a PE ratio of 22.38 and a beta of 0.92. The stock has a 50 day moving average of $36.29 and a 200 day moving average of $36.15. Capital Group Dividend Value ETF has a 12 month low of $30.95 and a 12 month high of $37.38.

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.