Professional Financial Advisors LLC Reduces Stock Position in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Professional Financial Advisors LLC lessened its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 1.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,165 shares of the company’s stock after selling 390 shares during the quarter. Professional Financial Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $1,028,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Tennessee Valley Asset Management Partners purchased a new position in Capital Group Dividend Value ETF in the fourth quarter valued at $26,000. Glassman Wealth Services purchased a new position in shares of Capital Group Dividend Value ETF during the first quarter worth about $29,000. Transcendent Capital Group LLC purchased a new position in shares of Capital Group Dividend Value ETF during the fourth quarter worth about $33,000. Signaturefd LLC purchased a new position in shares of Capital Group Dividend Value ETF during the fourth quarter worth about $37,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Capital Group Dividend Value ETF during the first quarter worth about $42,000.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV stock traded down $0.02 during mid-day trading on Friday, hitting $34.86. 1,070,618 shares of the stock were exchanged, compared to its average volume of 1,620,385. The stock’s fifty day simple moving average is $33.70 and its two-hundred day simple moving average is $32.47. The stock has a market capitalization of $7.94 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92. Capital Group Dividend Value ETF has a 12-month low of $25.47 and a 12-month high of $35.28.

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.