Envestnet Asset Management Inc. Acquires 1,336,256 Shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Envestnet Asset Management Inc. boosted its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 13.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,136,141 shares of the company’s stock after buying an additional 1,336,256 shares during the quarter. Envestnet Asset Management Inc. owned approximately 4.89% of Capital Group Dividend Value ETF worth $392,660,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC bought a new stake in shares of Capital Group Dividend Value ETF during the 4th quarter valued at approximately $47,000. PNC Financial Services Group Inc. bought a new stake in Capital Group Dividend Value ETF during the 4th quarter worth approximately $55,000. Blue Trust Inc. increased its position in 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 valued at $58,000 after acquiring an additional 400 shares during the period. Oakworth Capital Inc. bought a new position in shares of Capital Group Dividend Value ETF during the fourth quarter valued at $129,000. Finally, Westside Investment Management Inc. lifted its holdings in shares of 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 worth $138,000 after purchasing an additional 3,670 shares during the period.

Capital Group Dividend Value ETF Stock Down 6.0 %

Shares of Capital Group Dividend Value ETF stock opened at $32.33 on Friday. The stock has a market cap of $13.12 billion, a price-to-earnings ratio of 24.24 and a beta of 0.89. Capital Group Dividend Value ETF has a twelve month low of $31.03 and a twelve month high of $37.38. The company’s fifty day moving average is $36.39 and its 200 day moving average is $36.29.

Capital Group Dividend Value ETF Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 31st were paid a $0.1067 dividend. The ex-dividend date of this dividend was Monday, March 31st.

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.