Valmark Advisers Inc. Buys 80,472 Shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Valmark Advisers Inc. boosted its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 11.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 770,242 shares of the company’s stock after purchasing an additional 80,472 shares during the period. Valmark Advisers Inc.’s holdings in Capital Group Dividend Value ETF were worth $27,159,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in Capital Group Dividend Value ETF by 33.3% during the fourth quarter. Blue Trust Inc. now owns 1,600 shares of the company’s stock valued at $58,000 after purchasing an additional 400 shares during the period. Cassady Schiller Wealth Management LLC bought a new position in Capital Group Dividend Value ETF during the third quarter valued at approximately $83,000. Oakworth Capital Inc. bought a new position in Capital Group Dividend Value ETF during the fourth quarter valued at approximately $129,000. Westside Investment Management Inc. lifted its position in Capital Group Dividend Value ETF by 1,595.7% during the fourth 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 period. Finally, Valley National Advisers Inc. raised its position in Capital Group Dividend Value ETF by 503.2% in the third quarter. Valley National Advisers Inc. now owns 4,192 shares of the company’s stock worth $151,000 after acquiring an additional 3,497 shares during the period.

Capital Group Dividend Value ETF Trading Down 0.4 %

CGDV opened at $37.20 on Friday. Capital Group Dividend Value ETF has a 1-year low of $30.28 and a 1-year high of $37.38. The company has a market capitalization of $8.48 billion, a PE ratio of 22.38 and a beta of 0.92. The firm’s 50 day simple moving average is $36.12 and its two-hundred day simple moving average is $35.97.

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.