Hanlon Investment Management Inc. Makes New $231,000 Investment in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Hanlon Investment Management Inc. purchased a new stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 7,012 shares of the company’s stock, valued at approximately $231,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Glassman Wealth Services acquired a new position in Capital Group Dividend Value ETF during the 1st quarter worth approximately $29,000. Signaturefd LLC bought a new position in Capital Group Dividend Value ETF in the second quarter valued at $36,000. Transcendent Capital Group LLC acquired a new stake in Capital Group Dividend Value ETF in the 4th quarter valued at $33,000. Russell Investments Group Ltd. bought a new stake in Capital Group Dividend Value ETF during the 1st quarter worth about $42,000. Finally, Raleigh Capital Management Inc. bought a new stake in Capital Group Dividend Value ETF during the 4th quarter worth about $61,000.

Capital Group Dividend Value ETF Trading Down 1.2 %

Shares of NYSEARCA CGDV traded down $0.43 during mid-day trading on Friday, hitting $34.52. The company had a trading volume of 1,440,616 shares, compared to its average volume of 1,612,837. The company has a market capitalization of $7.87 billion, a PE ratio of 22.38 and a beta of 0.92. The firm has a 50-day simple moving average of $34.36 and a two-hundred day simple moving average of $33.01. Capital Group Dividend Value ETF has a one year low of $25.47 and a one year high of $35.78.

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.