J.W. Cole Advisors Inc. Boosts Stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

J.W. Cole Advisors Inc. raised its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 43.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,069 shares of the company’s stock after buying an additional 3,666 shares during the period. J.W. Cole Advisors Inc.’s holdings in Capital Group Dividend Value ETF were worth $398,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Advance Capital Management Inc. purchased a new position in Capital Group Dividend Value ETF during the 2nd quarter valued at $300,292,000. Cetera Investment Advisers lifted its position in shares of Capital Group Dividend Value ETF by 256.8% during the first quarter. Cetera Investment Advisers now owns 4,319,438 shares of the company’s stock worth $140,382,000 after purchasing an additional 3,108,678 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Capital Group Dividend Value ETF by 117.2% during the fourth quarter. Wells Fargo & Company MN now owns 4,098,283 shares of the company’s stock valued at $122,293,000 after purchasing an additional 2,211,266 shares during the period. LPL Financial LLC grew its holdings in shares of Capital Group Dividend Value ETF by 15.6% in the second quarter. LPL Financial LLC now owns 12,753,940 shares of the company’s stock worth $420,880,000 after purchasing an additional 1,722,366 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in Capital Group Dividend Value ETF by 32.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 5,935,080 shares of the company’s stock worth $195,858,000 after buying an additional 1,457,036 shares during the period.

Capital Group Dividend Value ETF Price Performance

Shares of CGDV opened at $35.79 on Wednesday. The firm has a market capitalization of $8.16 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92. Capital Group Dividend Value ETF has a 1-year low of $25.47 and a 1-year high of $35.94. The company has a 50-day moving average of $34.61 and a 200 day moving average of $33.23.

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.