Bruce G. Allen Investments LLC Purchases 869 Shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Bruce G. Allen Investments LLC grew its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 12.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,957 shares of the company’s stock after purchasing an additional 869 shares during the quarter. Bruce G. Allen Investments LLC’s holdings in Capital Group Dividend Value ETF were worth $281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of CGDV. LPL Financial LLC grew its stake in 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 acquiring an additional 3,415,106 shares in the last quarter. Advance Capital Management Inc. raised its holdings 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 acquiring an additional 1,686,328 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Capital Group Dividend Value ETF by 18.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 7,056,545 shares of the company’s stock valued at $257,140,000 after acquiring an additional 1,121,465 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Capital Group Dividend Value ETF by 19.9% in the third quarter. Raymond James & Associates now owns 6,654,717 shares of the company’s stock valued at $242,498,000 after purchasing an additional 1,104,402 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Capital Group Dividend Value ETF by 15.0% during the second quarter. Envestnet Asset Management Inc. now owns 8,007,181 shares of the company’s stock valued at $264,237,000 after purchasing an additional 1,042,548 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA:CGDV traded down $0.56 on Friday, reaching $34.94. The company’s stock had a trading volume of 2,721,918 shares, compared to its average volume of 3,147,019. The company has a 50-day simple moving average of $36.19 and a 200 day simple moving average of $35.47. The company has a market cap of $7.96 billion, a P/E ratio of 22.38 and a beta of 0.92. Capital Group Dividend Value ETF has a 52-week low of $29.23 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.