Main Line Retirement Advisors LLC Purchases 16,139 Shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Main Line Retirement Advisors LLC lifted its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 4.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 358,977 shares of the company’s stock after buying an additional 16,139 shares during the quarter. Capital Group Dividend Value ETF comprises 9.0% of Main Line Retirement Advisors LLC’s holdings, making the stock its 4th biggest position. Main Line Retirement Advisors LLC owned 0.16% of Capital Group Dividend Value ETF worth $13,081,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. LPL Financial LLC grew its position 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 worth $589,200,000 after buying an additional 3,415,106 shares in the last quarter. Advance Capital Management Inc. grew 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 purchasing an additional 1,686,328 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Capital Group Dividend Value ETF by 6.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 9,000,947 shares of the company’s stock worth $297,031,000 after purchasing an additional 519,112 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in 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 purchasing an additional 630,942 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position 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 worth $264,237,000 after purchasing an additional 1,042,548 shares during the period.

Capital Group Dividend Value ETF Stock Down 0.3 %

CGDV stock opened at $36.41 on Wednesday. The company’s 50-day moving average price is $36.56 and its two-hundred day moving average price is $35.09. Capital Group Dividend Value ETF has a 12 month low of $28.24 and a 12 month high of $37.17. The firm has a market cap of $8.30 billion, a P/E ratio of 22.38 and a beta of 0.92.

Capital Group Dividend Value ETF Company 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.