Park Avenue Securities LLC Increases Holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Park Avenue Securities LLC grew its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 5.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,618 shares of the company’s stock after acquiring an additional 1,811 shares during the period. Park Avenue Securities LLC’s holdings in Capital Group Dividend Value ETF were worth $1,158,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Tennessee Valley Asset Management Partners purchased a new position in shares of Capital Group Dividend Value ETF in the fourth quarter valued at about $26,000. Transcendent Capital Group LLC purchased a new position in shares of Capital Group Dividend Value ETF in the fourth quarter valued at about $33,000. Signaturefd LLC bought a new stake in shares of Capital Group Dividend Value ETF in the fourth quarter worth about $37,000. Raleigh Capital Management Inc. bought a new stake in shares of Capital Group Dividend Value ETF in the fourth quarter worth about $61,000. Finally, Mather Group LLC. bought a new stake in shares of Capital Group Dividend Value ETF in the first quarter worth about $76,000.

Capital Group Dividend Value ETF Trading Up 0.3 %

Shares of CGDV stock opened at $33.33 on Tuesday. Capital Group Dividend Value ETF has a 12-month low of $25.47 and a 12-month high of $33.56. The stock’s 50-day moving average price is $32.64 and its 200-day moving average price is $31.37. The stock has a market capitalization of $7.60 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92.

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.