Vestmark Advisory Solutions Inc. Boosts Stock Position in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Vestmark Advisory Solutions Inc. boosted its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 12.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 616,047 shares of the company’s stock after buying an additional 69,330 shares during the period. Capital Group Dividend Value ETF accounts for approximately 0.7% of Vestmark Advisory Solutions Inc.’s portfolio, making the stock its 24th largest position. Vestmark Advisory Solutions Inc. owned 0.27% of Capital Group Dividend Value ETF worth $21,722,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CGDV. Raymond James Financial Inc. purchased a new stake in Capital Group Dividend Value ETF in the fourth quarter worth about $601,244,000. LPL Financial LLC lifted its holdings in shares of Capital Group Dividend Value ETF by 26.8% during the third quarter. LPL Financial LLC now owns 16,169,046 shares of the company’s stock valued at $589,200,000 after purchasing an additional 3,415,106 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Capital Group Dividend Value ETF by 73.0% during the fourth quarter. Jones Financial Companies Lllp now owns 2,685,061 shares of the company’s stock valued at $94,675,000 after purchasing an additional 1,132,566 shares during the last quarter. Benjamin Edwards Inc. purchased a new position in shares of Capital Group Dividend Value ETF during the third quarter valued at approximately $21,765,000. Finally, Financial Services Advisory Inc lifted its holdings in shares of Capital Group Dividend Value ETF by 115.3% during the third quarter. Financial Services Advisory Inc now owns 971,968 shares of the company’s stock valued at $35,419,000 after purchasing an additional 520,531 shares during the last quarter.

Capital Group Dividend Value ETF Stock Up 1.5 %

Shares of CGDV opened at $36.67 on Thursday. Capital Group Dividend Value ETF has a twelve month low of $31.03 and a twelve month high of $37.38. The firm has a 50 day moving average of $36.33 and a 200 day moving average of $36.22. The company has a market capitalization of $14.02 billion, a P/E ratio of 25.21 and a beta of 0.90.

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.