Merit Financial Group LLC Sells 6,063 Shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Merit Financial Group LLC cut its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 172,937 shares of the company’s stock after selling 6,063 shares during the period. Merit Financial Group LLC owned approximately 0.17% of Capital Group Dividend Value ETF worth $5,160,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Choreo LLC raised its holdings in shares of Capital Group Dividend Value ETF by 2.1% during the fourth quarter. Choreo LLC now owns 151,726 shares of the company’s stock valued at $4,528,000 after purchasing an additional 3,186 shares during the period. Valmark Advisers Inc. increased its holdings in shares of Capital Group Dividend Value ETF by 13.3% during the fourth quarter. Valmark Advisers Inc. now owns 522,452 shares of the company’s stock valued at $15,590,000 after acquiring an additional 61,365 shares in the last quarter. Larson Financial Group LLC raised its position in shares of Capital Group Dividend Value ETF by 35.3% during the fourth quarter. Larson Financial Group LLC now owns 3,835 shares of the company’s stock worth $114,000 after purchasing an additional 1,000 shares during the period. International Assets Investment Management LLC bought a new position in shares of Capital Group Dividend Value ETF in the 4th quarter worth $80,340,000. Finally, Sittner & Nelson LLC increased its stake in Capital Group Dividend Value ETF by 14.1% during the 3rd quarter. Sittner & Nelson LLC now owns 102,764 shares of the company’s stock valued at $2,720,000 after purchasing an additional 12,665 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of Capital Group Dividend Value ETF stock traded up $0.42 during trading hours on Friday, reaching $32.22. The company’s stock had a trading volume of 1,425,559 shares, compared to its average volume of 1,480,953. The stock’s fifty day simple moving average is $31.85 and its two-hundred day simple moving average is $29.86. The company has a market capitalization of $7.34 billion, a P/E ratio of 22.38 and a beta of 0.92. Capital Group Dividend Value ETF has a one year low of $24.86 and a one year high of $32.74.

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.