Gutierrez Wealth Advisory LLC Takes $12.33 Million Position in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Gutierrez Wealth Advisory LLC purchased a new stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the fourth quarter, HoldingsChannel reports. The firm purchased 349,573 shares of the company’s stock, valued at approximately $12,326,000. Capital Group Dividend Value ETF comprises about 10.2% of Gutierrez Wealth Advisory LLC’s portfolio, making the stock its 3rd largest position.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in Capital Group Dividend Value ETF during the 4th quarter worth approximately $601,244,000. LPL Financial LLC increased its stake in Capital Group Dividend Value ETF by 26.8% during the 3rd quarter. LPL Financial LLC now owns 16,169,046 shares of the company’s stock worth $589,200,000 after purchasing an additional 3,415,106 shares in the last quarter. Advance Capital Management Inc. increased its stake in Capital Group Dividend Value ETF by 0.4% during the 4th quarter. Advance Capital Management Inc. now owns 10,826,570 shares of the company’s stock worth $381,745,000 after purchasing an additional 40,491 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in Capital Group Dividend Value ETF by 14.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 8,065,081 shares of the company’s stock worth $284,375,000 after purchasing an additional 1,008,536 shares in the last quarter. Finally, Confluence Wealth Services Inc. increased its stake in Capital Group Dividend Value ETF by 9.0% during the 4th quarter. Confluence Wealth Services Inc. now owns 4,708,770 shares of the company’s stock worth $172,341,000 after purchasing an additional 388,981 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

NYSEARCA CGDV opened at $36.06 on Friday. The business has a 50 day simple moving average of $36.44 and a 200 day simple moving average of $36.26. Capital Group Dividend Value ETF has a 52-week low of $31.03 and a 52-week high of $37.38. The stock has a market cap of $14.29 billion, a price-to-earnings ratio of 24.80 and a beta of 0.90.

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.