Capital Group Dividend Value ETF (NYSEARCA:CGDV) Shares Purchased by RFG Advisory LLC

RFG Advisory LLC increased its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 334.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 29,906 shares of the company’s stock after buying an additional 23,025 shares during the quarter. RFG Advisory LLC’s holdings in Capital Group Dividend Value ETF were worth $1,054,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV boosted its stake in shares of Capital Group Dividend Value ETF by 10.5% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 18,389 shares of the company’s stock worth $607,000 after acquiring an additional 1,747 shares in the last quarter. Marshall Wace LLP purchased a new position in Capital Group Dividend Value ETF during the second quarter worth approximately $1,789,000. Rockport Wealth LLC grew its holdings in Capital Group Dividend Value ETF by 14.4% in the second quarter. Rockport Wealth LLC now owns 10,587 shares of the company’s stock valued at $349,000 after purchasing an additional 1,329 shares during the period. Magnolia Capital Advisors LLC purchased a new stake in shares of Capital Group Dividend Value ETF in the second quarter valued at approximately $1,453,000. Finally, Creative Planning raised its stake in shares of Capital Group Dividend Value ETF by 27.8% during the 2nd quarter. Creative Planning now owns 20,653 shares of the company’s stock worth $682,000 after buying an additional 4,493 shares during the period.

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA:CGDV opened at $36.64 on Friday. The business’s 50 day moving average price is $36.04 and its 200-day moving average price is $35.69. Capital Group Dividend Value ETF has a 1 year low of $29.85 and a 1 year high of $37.17. The firm has a market capitalization of $8.35 billion, a price-to-earnings 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.