Perennial Investment Advisors LLC Purchases New Stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Perennial Investment Advisors LLC acquired a new stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 30,586 shares of the company’s stock, valued at approximately $1,078,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CGDV. Wells Fargo & Company MN increased its stake in shares of Capital Group Dividend Value ETF by 10.6% during the fourth quarter. Wells Fargo & Company MN now owns 8,966,425 shares of the company’s stock valued at $316,156,000 after buying an additional 860,172 shares during the period. Smith Moore & CO. increased its position in Capital Group Dividend Value ETF by 22.7% during the 4th quarter. Smith Moore & CO. now owns 249,953 shares of the company’s stock valued at $8,813,000 after purchasing an additional 46,162 shares during the period. Forge Financial Services LLC bought a new position in Capital Group Dividend Value ETF in the 4th quarter worth $14,892,000. Thoroughbred Financial Services LLC boosted its stake in shares of Capital Group Dividend Value ETF by 148.6% during the 4th quarter. Thoroughbred Financial Services LLC now owns 86,640 shares of the company’s stock valued at $3,054,000 after purchasing an additional 51,793 shares in the last quarter. Finally, World Investment Advisors increased its position in shares of Capital Group Dividend Value ETF by 29.0% during the fourth quarter. World Investment Advisors now owns 110,299 shares of the company’s stock valued at $3,889,000 after buying an additional 24,783 shares during the period.

Capital Group Dividend Value ETF Price Performance

CGDV stock opened at $32.33 on Friday. The firm has a 50-day moving average of $36.39 and a 200 day moving average of $36.29. The company has a market cap of $13.12 billion, a P/E ratio of 24.24 and a beta of 0.89. Capital Group Dividend Value ETF has a 1 year low of $31.03 and a 1 year high of $37.38.

Capital Group Dividend Value ETF Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 31st were given a dividend of $0.1067 per share. The ex-dividend date of this dividend was Monday, March 31st.

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.