Vestmark Advisory Solutions Inc. Acquires 54,881 Shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Vestmark Advisory Solutions Inc. lifted its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 18.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 352,894 shares of the company’s stock after acquiring an additional 54,881 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Capital Group Dividend Value ETF were worth $10,530,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. boosted its stake in Capital Group Dividend Value ETF by 23.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 7,283,139 shares of the company’s stock worth $217,329,000 after purchasing an additional 1,385,299 shares in the last quarter. LPL Financial LLC lifted its stake in shares of Capital Group Dividend Value ETF by 20.6% in the third quarter. LPL Financial LLC now owns 6,795,375 shares of the company’s stock worth $179,874,000 after buying an additional 1,161,371 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Capital Group Dividend Value ETF by 143.1% during the third quarter. Envestnet Asset Management Inc. now owns 5,507,402 shares of the company’s stock valued at $145,781,000 after buying an additional 3,242,240 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Capital Group Dividend Value ETF by 12.8% during the fourth quarter. Raymond James & Associates now owns 4,124,429 shares of the company’s stock valued at $123,073,000 after buying an additional 468,938 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of Capital Group Dividend Value ETF by 17.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 3,824,670 shares of the company’s stock valued at $114,128,000 after acquiring an additional 560,690 shares in the last quarter.

Capital Group Dividend Value ETF Trading Up 1.3 %

CGDV stock traded up $0.42 during midday trading on Friday, hitting $32.22. The company’s stock had a trading volume of 1,425,559 shares, compared to its average volume of 1,480,953. The firm’s 50-day moving average is $31.85 and its 200-day moving average is $29.88. Capital Group Dividend Value ETF has a 12 month low of $24.86 and a 12 month high of $32.74. The company has a market cap of $7.34 billion, a PE ratio of 22.38 and a beta of 0.92.

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.