Secure Asset Management LLC Invests $2.04 Million in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Secure Asset Management LLC acquired a new position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 57,811 shares of the company’s stock, valued at approximately $2,038,000.

Several other hedge funds and other institutional investors have also modified their holdings of CGDV. LPL Financial LLC boosted its holdings in Capital Group Dividend Value ETF by 26.8% in the 3rd 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 period. Advance Capital Management Inc. raised its position in shares of Capital Group Dividend Value ETF by 0.4% during the fourth quarter. Advance Capital Management Inc. now owns 10,826,570 shares of the company’s stock valued at $381,745,000 after buying an additional 40,491 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted 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 during the period. Commonwealth Equity Services LLC grew its position in Capital Group Dividend Value ETF by 18.9% during the third quarter. Commonwealth Equity Services LLC now owns 7,056,545 shares of the company’s stock worth $257,140,000 after buying an additional 1,121,465 shares in the last quarter. Finally, Raymond James & Associates increased its stake in Capital Group Dividend Value ETF by 19.9% during the third quarter. Raymond James & Associates now owns 6,654,717 shares of the company’s stock valued at $242,498,000 after acquiring an additional 1,104,402 shares during the period.

Capital Group Dividend Value ETF Stock Up 1.0 %

Capital Group Dividend Value ETF stock opened at $36.60 on Friday. The business has a 50 day moving average price of $36.02 and a two-hundred day moving average price of $35.65. Capital Group Dividend Value ETF has a 12 month low of $29.85 and a 12 month high of $37.17. The stock has a market cap of $8.34 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92.

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.