Kestra Advisory Services LLC Grows Holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Kestra Advisory Services LLC grew its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 23.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,697,300 shares of the company’s stock after buying an additional 696,412 shares during the period. Capital Group Dividend Value ETF accounts for 0.7% of Kestra Advisory Services LLC’s holdings, making the stock its 17th biggest holding. Kestra Advisory Services LLC’s holdings in Capital Group Dividend Value ETF were worth $130,367,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in shares of Capital Group Dividend Value ETF during the 4th quarter worth $601,244,000. LPL Financial LLC grew its stake in shares of Capital Group Dividend Value ETF by 26.8% during the 3rd quarter. LPL Financial LLC now owns 16,169,046 shares of the company’s stock worth $589,200,000 after purchasing an additional 3,415,106 shares during the period. Advance Capital Management Inc. grew its stake in Capital Group Dividend Value ETF by 0.4% in the 4th quarter. Advance Capital Management Inc. now owns 10,826,570 shares of the company’s stock valued at $381,745,000 after acquiring an additional 40,491 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in Capital Group Dividend Value ETF by 14.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 8,065,081 shares of the company’s stock valued at $284,375,000 after acquiring an additional 1,008,536 shares during the last quarter. Finally, Confluence Wealth Services Inc. grew its stake in Capital Group Dividend Value ETF by 9.0% in the 4th quarter. Confluence Wealth Services Inc. now owns 4,708,770 shares of the company’s stock valued at $172,341,000 after acquiring an additional 388,981 shares during the last quarter.

Capital Group Dividend Value ETF Trading Up 1.5 %

Shares of NYSEARCA CGDV opened at $35.79 on Friday. The stock has a market cap of $13.68 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 company’s 50-day moving average price is $36.40 and its 200 day moving average price is $36.24.

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.