Good Life Advisors LLC Decreases Position in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Good Life Advisors LLC cut its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 21.1% during the fourth quarter, HoldingsChannel reports. The firm owned 329,048 shares of the company’s stock after selling 88,168 shares during the quarter. Capital Group Dividend Value ETF comprises 0.8% of Good Life Advisors LLC’s holdings, making the stock its 24th largest position. Good Life Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $11,602,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CGDV. LPL Financial LLC raised its position in Capital Group Dividend Value ETF by 26.8% during the third quarter. LPL Financial LLC now owns 16,169,046 shares of the company’s stock valued at $589,200,000 after purchasing an additional 3,415,106 shares during the period. International Assets Investment Management LLC raised its position in Capital Group Dividend Value ETF by 5,953.4% during the third quarter. International Assets Investment Management LLC now owns 649,106 shares of the company’s stock valued at $236,530,000 after purchasing an additional 638,383 shares during the period. Benjamin Edwards Inc. purchased a new stake in Capital Group Dividend Value ETF during the third quarter valued at approximately $21,765,000. Financial Services Advisory Inc grew its stake in shares of Capital Group Dividend Value ETF by 115.3% during the third quarter. Financial Services Advisory Inc now owns 971,968 shares of the company’s stock valued at $35,419,000 after buying an additional 520,531 shares during the last quarter. Finally, Royal Harbor Partners LLC bought a new position in shares of Capital Group Dividend Value ETF during the third quarter valued at approximately $15,939,000.

Capital Group Dividend Value ETF Stock Performance

CGDV opened at $37.21 on Wednesday. The stock has a market cap of $8.48 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92. The stock’s 50 day moving average price is $36.15 and its 200-day moving average price is $36.02. Capital Group Dividend Value ETF has a one year low of $30.28 and a one year high of $37.38.

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.