LPL Financial LLC Increases Holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

LPL Financial LLC lifted its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 36.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 21,983,627 shares of the company’s stock after purchasing an additional 5,814,581 shares during the quarter. LPL Financial LLC owned 0.10% of Capital Group Dividend Value ETF worth $775,143,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Sei Investments Co. raised its holdings in shares of Capital Group Dividend Value ETF by 7.0% during the 4th quarter. Sei Investments Co. now owns 875,728 shares of the company’s stock valued at $30,878,000 after buying an additional 57,412 shares in the last quarter. Summit Global Investments raised its holdings in shares of Capital Group Dividend Value ETF by 7.6% during the 4th quarter. Summit Global Investments now owns 19,777 shares of the company’s stock valued at $697,000 after buying an additional 1,396 shares in the last quarter. Gutierrez Wealth Advisory LLC purchased a new position in shares of Capital Group Dividend Value ETF during the 4th quarter valued at about $12,326,000. Compass Ion Advisors LLC increased its stake in Capital Group Dividend Value ETF by 22.7% in the 4th quarter. Compass Ion Advisors LLC now owns 8,649 shares of the company’s stock worth $305,000 after purchasing an additional 1,598 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in Capital Group Dividend Value ETF by 2.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 630,723 shares of the company’s stock worth $22,239,000 after purchasing an additional 14,022 shares during the period.

Capital Group Dividend Value ETF Price Performance

Shares of Capital Group Dividend Value ETF stock opened at $35.99 on Friday. The business’s 50 day simple moving average is $36.46 and its two-hundred day simple moving average is $36.27. The stock has a market capitalization of $14.26 billion, a P/E ratio of 24.80 and a beta of 0.90. Capital Group Dividend Value ETF has a one year low of $31.03 and a one year high of $37.38.

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.