Wedbush Securities Inc. Raises Stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Wedbush Securities Inc. lifted its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 18.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 415,998 shares of the company’s stock after buying an additional 63,738 shares during the quarter. Capital Group Dividend Value ETF comprises 0.5% of Wedbush Securities Inc.’s holdings, making the stock its 22nd biggest position. Wedbush Securities Inc.’s holdings in Capital Group Dividend Value ETF were worth $14,668,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. LPL Financial LLC grew its holdings in Capital Group Dividend Value ETF by 36.0% in the 4th quarter. LPL Financial LLC now owns 21,983,627 shares of the company’s stock valued at $775,143,000 after buying an additional 5,814,581 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Capital Group Dividend Value ETF in the fourth quarter worth approximately $601,244,000. Envestnet Asset Management Inc. grew its holdings in Capital Group Dividend Value ETF by 13.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 11,136,141 shares of the company’s stock valued at $392,660,000 after purchasing an additional 1,336,256 shares during the period. Advance Capital Management Inc. increased its position in 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 worth $381,745,000 after purchasing an additional 40,491 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in Capital Group Dividend Value ETF by 10.6% during the fourth quarter. Wells Fargo & Company MN now owns 8,966,425 shares of the company’s stock worth $316,156,000 after purchasing an additional 860,172 shares during the period.

Capital Group Dividend Value ETF Stock Down 6.0 %

Shares of CGDV opened at $32.33 on Friday. The firm has a market cap of $13.12 billion, a PE ratio of 24.24 and a beta of 0.89. The company’s fifty day moving average is $36.39 and its two-hundred day moving average is $36.29. Capital Group Dividend Value ETF has a fifty-two week low of $31.03 and a fifty-two week high of $37.38.

Capital Group Dividend Value ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 31st were issued a $0.1067 dividend. The ex-dividend date was Monday, March 31st.

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.