Prospect Financial Services LLC Increases Stock Position in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Prospect Financial Services LLC raised its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 16.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 7,924 shares of the company’s stock after purchasing an additional 1,129 shares during the quarter. Prospect Financial Services LLC’s holdings in Capital Group Dividend Value ETF were worth $279,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Hershey Financial Advisers LLC purchased a new position in Capital Group Dividend Value ETF during the 2nd quarter valued at $36,000. Blue Trust Inc. increased its position in shares of Capital Group Dividend Value ETF by 33.3% during the fourth quarter. Blue Trust Inc. now owns 1,600 shares of the company’s stock valued at $58,000 after buying an additional 400 shares during the period. Cassady Schiller Wealth Management LLC bought a new position in Capital Group Dividend Value ETF in the third quarter worth about $83,000. Mather Group LLC. lifted its holdings in Capital Group Dividend Value ETF by 36.7% in the third quarter. Mather Group LLC. now owns 3,464 shares of the company’s stock worth $126,000 after buying an additional 930 shares during the period. Finally, Westside Investment Management Inc. boosted its position in Capital Group Dividend Value ETF by 1,595.7% during the 4th quarter. Westside Investment Management Inc. now owns 3,900 shares of the company’s stock valued at $138,000 after acquiring an additional 3,670 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

CGDV stock opened at $36.62 on Tuesday. The company has a market capitalization of $8.35 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92. The business’s 50 day moving average price is $36.05 and its two-hundred day moving average price is $35.72. Capital Group Dividend Value ETF has a fifty-two week low of $29.85 and a fifty-two 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.