Commonwealth Equity Services LLC Purchases 1,121,465 Shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Commonwealth Equity Services LLC increased its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 18.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,056,545 shares of the company’s stock after buying an additional 1,121,465 shares during the quarter. Commonwealth Equity Services LLC owned 3.10% of Capital Group Dividend Value ETF worth $257,140,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LPL Financial LLC boosted its holdings in Capital Group Dividend Value ETF by 15.6% during the second quarter. LPL Financial LLC now owns 12,753,940 shares of the company’s stock worth $420,880,000 after purchasing an additional 1,722,366 shares during the last quarter. Advance Capital Management Inc. raised its stake in shares of Capital Group Dividend Value ETF by 18.5% during the 3rd quarter. Advance Capital Management Inc. now owns 10,786,079 shares of the company’s stock worth $393,045,000 after purchasing an additional 1,686,328 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Capital Group Dividend Value ETF by 6.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 9,000,947 shares of the company’s stock worth $297,031,000 after purchasing an additional 519,112 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Capital Group Dividend Value ETF by 7.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,864,888 shares of the company’s stock valued at $292,541,000 after buying an additional 630,942 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Capital Group Dividend Value ETF by 15.0% in the second quarter. Envestnet Asset Management Inc. now owns 8,007,181 shares of the company’s stock valued at $264,237,000 after buying an additional 1,042,548 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

NYSEARCA CGDV traded up $0.07 on Friday, hitting $37.02. 1,083,929 shares of the stock were exchanged, compared to its average volume of 1,608,184. The company has a market capitalization of $8.44 billion, a PE ratio of 22.38 and a beta of 0.92. The business’s fifty day moving average is $35.75 and its 200 day moving average is $33.97. Capital Group Dividend Value ETF has a 52 week low of $25.47 and a 52 week high of $37.17.

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.