Janney Montgomery Scott LLC Increases Holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Janney Montgomery Scott LLC raised its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 6.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,652,626 shares of the company’s stock after acquiring an additional 93,985 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Capital Group Dividend Value ETF were worth $60,222,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. J.W. Cole Advisors Inc. raised its holdings in shares of Capital Group Dividend Value ETF by 4.6% during the 1st quarter. J.W. Cole Advisors Inc. now owns 8,403 shares of the company’s stock valued at $273,000 after buying an additional 367 shares during the period. AA Financial Advisors LLC raised its stake in shares of Capital Group Dividend Value ETF by 1.5% during the first quarter. AA Financial Advisors LLC now owns 209,524 shares of the company’s stock valued at $6,810,000 after purchasing an additional 3,132 shares during the period. Rehmann Capital Advisory Group lifted its position in shares of Capital Group Dividend Value ETF by 21.0% during the first quarter. Rehmann Capital Advisory Group now owns 10,908 shares of the company’s stock worth $355,000 after purchasing an additional 1,890 shares in the last quarter. Larson Financial Group LLC boosted its position in Capital Group Dividend Value ETF by 57.4% in the 1st quarter. Larson Financial Group LLC now owns 6,035 shares of the company’s stock valued at $196,000 after buying an additional 2,200 shares during the last quarter. Finally, Carson Advisory Inc. grew its stake in shares of Capital Group Dividend Value ETF by 3.9% during the first quarter. Carson Advisory Inc. now owns 63,202 shares of the company’s stock valued at $2,054,000 after acquiring an additional 2,360 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA CGDV opened at $35.93 on Friday. The firm has a market cap of $8.19 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92. Capital Group Dividend Value ETF has a 1 year low of $26.52 and a 1 year high of $37.17. The stock’s 50-day simple moving average is $36.07 and its 200-day simple moving average is $34.26.

Capital Group Dividend Value ETF Company 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.