Lynch & Associates IN Grows Position in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Lynch & Associates IN grew its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 40.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 15,347 shares of the company’s stock after buying an additional 4,384 shares during the quarter. Lynch & Associates IN’s holdings in Capital Group Dividend Value ETF were worth $541,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CGDV. LPL Financial LLC lifted its stake 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 worth $589,200,000 after purchasing an additional 3,415,106 shares in the last quarter. Advance Capital Management Inc. boosted its stake in Capital Group Dividend Value ETF by 18.5% during the third quarter. Advance Capital Management Inc. now owns 10,786,079 shares of the company’s stock worth $393,045,000 after buying an additional 1,686,328 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in Capital Group Dividend Value ETF by 18.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 7,056,545 shares of the company’s stock valued at $257,140,000 after buying an additional 1,121,465 shares in the last quarter. Raymond James & Associates increased its stake in shares of Capital Group Dividend Value ETF by 19.9% in the 3rd quarter. Raymond James & Associates now owns 6,654,717 shares of the company’s stock worth $242,498,000 after acquiring an additional 1,104,402 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Capital Group Dividend Value ETF by 15.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,007,181 shares of the company’s stock worth $264,237,000 after acquiring an additional 1,042,548 shares during the period.

Capital Group Dividend Value ETF Trading Down 1.5 %

Capital Group Dividend Value ETF stock traded down $0.55 during midday trading on Friday, hitting $34.95. 2,799,230 shares of the stock were exchanged, compared to its average volume of 3,199,169. The stock has a market capitalization of $7.97 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92. The stock’s 50-day simple moving average is $36.19 and its 200 day simple moving average is $35.47. Capital Group Dividend Value ETF has a fifty-two week low of $29.23 and a fifty-two week high of $37.17.

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.