Independent Advisor Alliance Invests $13.47 Million in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Independent Advisor Alliance bought a new position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 382,012 shares of the company’s stock, valued at approximately $13,470,000. Independent Advisor Alliance owned about 0.17% of Capital Group Dividend Value ETF as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in Capital Group Dividend Value ETF in the fourth quarter worth $601,244,000. LPL Financial LLC increased its holdings in shares of 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 acquiring an additional 3,415,106 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Capital Group Dividend Value ETF by 73.0% during the fourth quarter. Jones Financial Companies Lllp now owns 2,685,061 shares of the company’s stock valued at $94,675,000 after acquiring an additional 1,132,566 shares in the last quarter. Benjamin Edwards Inc. bought a new position in shares of Capital Group Dividend Value ETF during the third quarter valued at $21,765,000. Finally, Private Advisor Group LLC increased its holdings in Capital Group Dividend Value ETF by 39.8% in the 4th quarter. Private Advisor Group LLC now owns 1,481,090 shares of the company’s stock worth $52,223,000 after buying an additional 421,804 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

NYSEARCA CGDV opened at $35.84 on Tuesday. Capital Group Dividend Value ETF has a one year low of $31.03 and a one year high of $37.38. The stock has a 50-day moving average of $36.38 and a 200 day moving average of $36.25. The company has a market capitalization of $13.70 billion, a price-to-earnings ratio of 25.21 and a beta of 0.90.

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.