Capital Group Dividend Value ETF (NYSEARCA:CGDV) Position Boosted by LPL Financial LLC

LPL Financial LLC increased its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 15.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,753,940 shares of the company’s stock after purchasing an additional 1,722,366 shares during the quarter. LPL Financial LLC owned 5.60% of Capital Group Dividend Value ETF worth $420,880,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Advance Capital Management Inc. acquired a new position in Capital Group Dividend Value ETF in the second quarter worth approximately $300,292,000. Raymond James Financial Services Advisors Inc. boosted its position in shares of Capital Group Dividend Value ETF by 6.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 9,000,947 shares of the company’s stock valued at $297,031,000 after purchasing an additional 519,112 shares during the period. Envestnet Asset Management Inc. increased its stake in Capital Group Dividend Value ETF by 15.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 6,331,512 shares of the company’s stock worth $188,932,000 after purchasing an additional 824,110 shares in the last quarter. Capital Group Private Client Services Inc. raised its holdings in Capital Group Dividend Value ETF by 7.6% during the 1st quarter. Capital Group Private Client Services Inc. now owns 6,102,611 shares of the company’s stock worth $198,335,000 after buying an additional 431,056 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in Capital Group Dividend Value ETF by 32.5% during the second quarter. Commonwealth Equity Services LLC now owns 5,935,080 shares of the company’s stock valued at $195,858,000 after buying an additional 1,457,036 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of CGDV opened at $34.90 on Wednesday. The company has a 50-day moving average of $34.44 and a two-hundred day moving average of $33.11. The stock has a market cap of $7.95 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92. Capital Group Dividend Value ETF has a one year low of $25.47 and a one year high of $35.78.

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.