Main Line Retirement Advisors LLC Reduces Stock Position in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Main Line Retirement Advisors LLC lowered its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 84.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,126 shares of the company’s stock after selling 301,851 shares during the period. Capital Group Dividend Value ETF accounts for approximately 1.3% of Main Line Retirement Advisors LLC’s portfolio, making the stock its 15th largest holding. Main Line Retirement Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $2,014,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Hershey Financial Advisers LLC bought a new position in shares of Capital Group Dividend Value ETF in the second quarter worth $36,000. Blue Trust Inc. increased its holdings in shares of 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 purchasing an additional 400 shares during the period. Cassady Schiller Wealth Management LLC bought a new position in shares of Capital Group Dividend Value ETF in the third quarter worth $83,000. Mather Group LLC. increased its holdings in shares of Capital Group Dividend Value ETF by 36.7% in the third quarter. Mather Group LLC. now owns 3,464 shares of the company’s stock worth $126,000 after purchasing an additional 930 shares during the period. Finally, Westside Investment Management Inc. increased its holdings in shares of 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 purchasing an additional 3,670 shares during the period.

Capital Group Dividend Value ETF Stock Performance

Capital Group Dividend Value ETF stock opened at $36.46 on Monday. The stock has a market cap of $8.31 billion, a P/E ratio of 22.38 and a beta of 0.92. Capital Group Dividend Value ETF has a fifty-two week low of $29.85 and a fifty-two week high of $37.17. The firm’s fifty day moving average price is $36.04 and its 200-day moving average price is $35.70.

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.