Anchor Investment Management LLC Takes $453,000 Position in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Anchor Investment Management LLC bought a new position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 12,435 shares of the company’s stock, valued at approximately $453,000.

Several other large investors also recently modified their holdings of the business. Comerica Bank lifted its stake in Capital Group Dividend Value ETF by 24.2% in the first quarter. Comerica Bank now owns 9,523 shares of the company’s stock worth $309,000 after acquiring an additional 1,855 shares during the period. Calton & Associates Inc. purchased a new stake in shares of Capital Group Dividend Value ETF in the 2nd quarter worth about $306,000. Raymond James & Associates boosted its stake in shares of Capital Group Dividend Value ETF by 18.8% during the 2nd quarter. Raymond James & Associates now owns 5,550,315 shares of the company’s stock valued at $183,160,000 after purchasing an additional 880,267 shares in the last quarter. Western Wealth Management LLC increased its position in shares of Capital Group Dividend Value ETF by 21.3% during the second quarter. Western Wealth Management LLC now owns 148,756 shares of the company’s stock valued at $4,909,000 after buying an additional 26,086 shares during the period. Finally, Johnson Bixby & Associates LLC increased its position in shares of Capital Group Dividend Value ETF by 6.0% during the second quarter. Johnson Bixby & Associates LLC now owns 1,837,304 shares of the company’s stock valued at $60,631,000 after buying an additional 104,172 shares during the period.

Capital Group Dividend Value ETF Price Performance

Shares of CGDV opened at $36.32 on Friday. The company has a 50-day simple moving average of $36.56 and a two-hundred day simple moving average of $35.13. The firm has a market capitalization of $8.28 billion, a PE ratio of 22.38 and a beta of 0.92. Capital Group Dividend Value ETF has a one year low of $29.23 and a one year high of $37.17.

Capital Group Dividend Value ETF Company 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.