Vestmark Advisory Solutions Inc. Purchases 69,330 Shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Vestmark Advisory Solutions Inc. grew its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 12.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 616,047 shares of the company’s stock after acquiring an additional 69,330 shares during the period. Capital Group Dividend Value ETF accounts for about 0.7% of Vestmark Advisory Solutions Inc.’s investment portfolio, making the stock its 24th biggest holding. Vestmark Advisory Solutions Inc.’s holdings in Capital Group Dividend Value ETF were worth $21,722,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Venturi Wealth Management LLC bought a new stake in shares of Capital Group Dividend Value ETF during the fourth quarter valued at approximately $47,000. Blue Trust Inc. raised its stake in Capital Group Dividend Value ETF by 33.3% in the fourth quarter. Blue Trust Inc. now owns 1,600 shares of the company’s stock worth $58,000 after buying an additional 400 shares in the last quarter. Cassady Schiller Wealth Management LLC bought a new position in Capital Group Dividend Value ETF in the third quarter worth approximately $83,000. Oakworth Capital Inc. bought a new position in Capital Group Dividend Value ETF in the fourth quarter worth approximately $129,000. Finally, Westside Investment Management Inc. raised its stake in Capital Group Dividend Value ETF by 1,595.7% in the fourth quarter. Westside Investment Management Inc. now owns 3,900 shares of the company’s stock worth $138,000 after buying an additional 3,670 shares in the last quarter.

Capital Group Dividend Value ETF Stock Up 1.5 %

Shares of NYSEARCA:CGDV opened at $36.67 on Thursday. The company has a market capitalization of $14.02 billion, a price-to-earnings ratio of 25.21 and a beta of 0.90. Capital Group Dividend Value ETF has a 52 week low of $31.03 and a 52 week high of $37.38. The firm has a 50 day moving average of $36.33 and a 200 day moving average of $36.22.

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.