Acorn Financial Advisory Services Inc. ADV Purchases New Stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Acorn Financial Advisory Services Inc. ADV bought a new position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,925 shares of the company’s stock, valued at approximately $216,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Headlands Technologies LLC bought a new position in shares of Capital Group Dividend Value ETF during the second quarter worth about $27,000. Signaturefd LLC bought a new position in Capital Group Dividend Value ETF in the 2nd quarter valued at about $36,000. Hershey Financial Advisers LLC bought a new position in Capital Group Dividend Value ETF in the 2nd quarter valued at about $36,000. Russell Investments Group Ltd. bought a new position in Capital Group Dividend Value ETF in the 1st quarter valued at about $42,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Capital Group Dividend Value ETF in the 2nd quarter valued at about $88,000.

Capital Group Dividend Value ETF Trading Up 0.3 %

CGDV traded up $0.12 on Friday, reaching $37.05. The company had a trading volume of 1,605,571 shares, compared to its average volume of 1,607,103. The company has a fifty day moving average of $36.17 and a 200-day moving average of $34.44. Capital Group Dividend Value ETF has a one year low of $26.71 and a one year high of $37.17. The company has a market capitalization of $8.44 billion, a P/E 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.