Balentine LLC Increases Holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Balentine LLC increased its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 20.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 57,619 shares of the company’s stock after purchasing an additional 9,843 shares during the period. Balentine LLC’s holdings in Capital Group Dividend Value ETF were worth $2,100,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. LPL Financial LLC grew its position in shares of Capital Group Dividend Value ETF by 15.6% during the 2nd quarter. LPL Financial LLC now owns 12,753,940 shares of the company’s stock valued at $420,880,000 after purchasing an additional 1,722,366 shares in the last quarter. Advance Capital Management Inc. grew its position in Capital Group Dividend Value ETF by 18.5% during the third quarter. Advance Capital Management Inc. now owns 10,786,079 shares of the company’s stock worth $393,045,000 after buying an additional 1,686,328 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Capital Group Dividend Value ETF by 6.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 9,000,947 shares of the company’s stock worth $297,031,000 after acquiring an additional 519,112 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Capital Group Dividend Value ETF by 7.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,864,888 shares of the company’s stock valued at $292,541,000 after acquiring an additional 630,942 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Capital Group Dividend Value ETF by 15.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,007,181 shares of the company’s stock valued at $264,237,000 after acquiring an additional 1,042,548 shares in the last quarter.

Capital Group Dividend Value ETF Trading Up 0.6 %

Shares of NYSEARCA CGDV opened at $36.07 on Wednesday. The business has a 50-day moving average of $36.09 and a 200-day moving average of $34.36. The firm has a market capitalization of $8.22 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92. Capital Group Dividend Value ETF has a 12 month low of $26.71 and a 12 month high of $37.17.

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.