Oppenheimer & Co. Inc. Boosts Position in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Oppenheimer & Co. Inc. raised its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 15.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,405 shares of the company’s stock after buying an additional 9,511 shares during the period. Oppenheimer & Co. Inc.’s holdings in Capital Group Dividend Value ETF were worth $2,389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Advance Capital Management Inc. purchased a new position in shares of Capital Group Dividend Value ETF during the second quarter valued at $300,292,000. Cetera Investment Advisers raised its holdings in shares of Capital Group Dividend Value ETF by 256.8% in the 1st quarter. Cetera Investment Advisers now owns 4,319,438 shares of the company’s stock valued at $140,382,000 after purchasing an additional 3,108,678 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Capital Group Dividend Value ETF by 117.2% in the 4th quarter. Wells Fargo & Company MN now owns 4,098,283 shares of the company’s stock worth $122,293,000 after purchasing an additional 2,211,266 shares during the period. LPL Financial LLC boosted its stake in shares of Capital Group Dividend Value ETF by 15.6% during the second 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. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Capital Group Dividend Value ETF by 32.5% during the second quarter. Commonwealth Equity Services LLC now owns 5,935,080 shares of the company’s stock valued at $195,858,000 after purchasing an additional 1,457,036 shares in the last quarter.

Capital Group Dividend Value ETF Stock Up 0.4 %

Shares of NYSEARCA:CGDV opened at $35.76 on Tuesday. The company has a market capitalization of $8.15 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92. The firm has a 50 day moving average of $34.61 and a 200 day moving average of $33.23. Capital Group Dividend Value ETF has a 52 week low of $25.47 and a 52 week high of $35.78.

About Capital Group Dividend Value ETF

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.