Stonebridge Financial Group LLC Purchases Shares of 28,619 Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Stonebridge Financial Group LLC acquired a new position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the 4th quarter, Holdings Channel reports. The fund acquired 28,619 shares of the company’s stock, valued at approximately $1,009,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. grew its stake in shares of Capital Group Dividend Value ETF by 33.3% in the 4th quarter. Blue Trust Inc. now owns 1,600 shares of the company’s stock worth $58,000 after buying an additional 400 shares in the last quarter. Cassady Schiller Wealth Management LLC purchased a new position in Capital Group Dividend Value ETF in the third quarter worth about $83,000. Oakworth Capital Inc. purchased a new stake in Capital Group Dividend Value ETF during the fourth quarter valued at approximately $129,000. Westside Investment Management Inc. lifted its stake in shares of Capital Group Dividend Value ETF by 1,595.7% in the 4th quarter. Westside Investment Management Inc. now owns 3,900 shares of the company’s stock valued at $138,000 after purchasing an additional 3,670 shares during the last quarter. Finally, Valley National Advisers Inc. boosted its holdings in shares of Capital Group Dividend Value ETF by 503.2% in the 3rd quarter. Valley National Advisers Inc. now owns 4,192 shares of the company’s stock worth $151,000 after purchasing an additional 3,497 shares during the period.

Capital Group Dividend Value ETF Stock Performance

NYSEARCA:CGDV opened at $37.13 on Tuesday. The stock’s fifty day moving average is $36.08 and its 200 day moving average is $35.91. The firm has a market capitalization of $8.46 billion, a PE ratio of 22.38 and a beta of 0.92. Capital Group Dividend Value ETF has a fifty-two week low of $29.86 and a fifty-two week high of $37.28.

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.