Raymond James Financial Inc. Acquires New Shares in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Raymond James Financial Inc. purchased a new stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the fourth quarter, Holdings Channel.com reports. The firm purchased 17,051,741 shares of the company’s stock, valued at approximately $601,244,000. Raymond James Financial Inc. owned 0.07% of Capital Group Dividend Value ETF as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Venturi Wealth Management LLC purchased a new position in shares of Capital Group Dividend Value ETF during the 4th quarter valued at $47,000. Blue Trust Inc. grew its position in shares of 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 valued at $58,000 after purchasing an additional 400 shares in the last quarter. Cassady Schiller Wealth Management LLC purchased a new position in shares of Capital Group Dividend Value ETF during the 3rd quarter valued at $83,000. Oakworth Capital Inc. purchased a new position in Capital Group Dividend Value ETF in the fourth quarter worth $129,000. Finally, Westside Investment Management Inc. grew its position in Capital Group Dividend Value ETF by 1,595.7% in the fourth quarter. Westside Investment Management Inc. now owns 3,900 shares of the company’s stock worth $138,000 after acquiring an additional 3,670 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA:CGDV opened at $36.67 on Thursday. Capital Group Dividend Value ETF has a 52-week low of $31.03 and a 52-week high of $37.38. The firm has a fifty day moving average of $36.33 and a 200 day moving average of $36.22. The firm has a market capitalization of $14.02 billion, a PE ratio of 25.21 and a beta of 0.90.

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.