Souders Financial Advisors Cuts Stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Souders Financial Advisors lessened its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 0.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 723,742 shares of the company’s stock after selling 4,338 shares during the period. Capital Group Dividend Value ETF accounts for about 3.7% of Souders Financial Advisors’ investment portfolio, making the stock its 4th biggest holding. Souders Financial Advisors’ holdings in Capital Group Dividend Value ETF were worth $26,373,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Creative Planning raised its holdings in Capital Group Dividend Value ETF by 36.9% during the third quarter. Creative Planning now owns 28,271 shares of the company’s stock worth $1,030,000 after purchasing an additional 7,618 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in Capital Group Dividend Value ETF by 8.5% during the first quarter. Kingsview Wealth Management LLC now owns 17,570 shares of the company’s stock worth $571,000 after purchasing an additional 1,375 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in Capital Group Dividend Value ETF by 15.1% during the second quarter. Oppenheimer & Co. Inc. now owns 72,405 shares of the company’s stock worth $2,389,000 after purchasing an additional 9,511 shares in the last quarter. Wedbush Securities Inc. raised its holdings in Capital Group Dividend Value ETF by 27.7% during the second quarter. Wedbush Securities Inc. now owns 287,659 shares of the company’s stock worth $9,493,000 after purchasing an additional 62,462 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its holdings in Capital Group Dividend Value ETF by 8,219.6% during the second quarter. Cullen Frost Bankers Inc. now owns 13,145 shares of the company’s stock worth $434,000 after purchasing an additional 12,987 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA:CGDV opened at $36.65 on Wednesday. Capital Group Dividend Value ETF has a 12 month low of $27.04 and a 12 month high of $37.17. The stock has a market cap of $8.35 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92. The stock’s 50 day moving average price is $36.23 and its 200 day moving average price is $34.54.

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.