CapWealth Advisors LLC Cuts Holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

CapWealth Advisors LLC lowered its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 13.1% in the 4th quarter, Holdings Channel reports. The firm owned 21,662 shares of the company’s stock after selling 3,274 shares during the period. CapWealth Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $764,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CGDV. Blue Trust Inc. raised its position in Capital Group Dividend Value ETF by 33.3% in the 4th quarter. Blue Trust Inc. now owns 1,600 shares of the company’s stock worth $58,000 after buying an additional 400 shares during the last quarter. Cassady Schiller Wealth Management LLC purchased a new position in shares of Capital Group Dividend Value ETF during the third quarter valued at approximately $83,000. Oakworth Capital Inc. bought a new position in Capital Group Dividend Value ETF during the fourth quarter valued at approximately $129,000. Westside Investment Management Inc. boosted its holdings in Capital Group Dividend Value ETF by 1,595.7% in the fourth quarter. Westside Investment Management Inc. now owns 3,900 shares of the company’s stock worth $138,000 after purchasing an additional 3,670 shares during the last quarter. Finally, Valley National Advisers Inc. grew its position in Capital Group Dividend Value ETF by 503.2% in the 3rd quarter. Valley National Advisers Inc. now owns 4,192 shares of the company’s stock worth $151,000 after purchasing an additional 3,497 shares during the period.

Capital Group Dividend Value ETF Price Performance

NYSEARCA CGDV opened at $37.20 on Friday. The stock has a market capitalization of $8.48 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92. Capital Group Dividend Value ETF has a 1-year low of $30.28 and a 1-year high of $37.38. The business’s fifty day moving average price is $36.12 and its 200-day moving average price is $35.96.

Capital Group Dividend Value ETF 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.