Main Line Retirement Advisors LLC Grows Stock Position in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Main Line Retirement Advisors LLC raised its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 4.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 358,977 shares of the company’s stock after acquiring an additional 16,139 shares during the quarter. Capital Group Dividend Value ETF makes up approximately 9.0% of Main Line Retirement Advisors LLC’s investment portfolio, making the stock its 4th largest position. Main Line Retirement Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $13,081,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Creative Planning boosted its position in Capital Group Dividend Value ETF by 36.9% in the third quarter. Creative Planning now owns 28,271 shares of the company’s stock valued at $1,030,000 after buying an additional 7,618 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of Capital Group Dividend Value ETF by 15.1% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 72,405 shares of the company’s stock valued at $2,389,000 after acquiring an additional 9,511 shares in the last quarter. Wedbush Securities Inc. grew its position in Capital Group Dividend Value ETF by 27.7% during the 2nd quarter. Wedbush Securities Inc. now owns 287,659 shares of the company’s stock worth $9,493,000 after acquiring an additional 62,462 shares during the last quarter. Cullen Frost Bankers Inc. increased its holdings in Capital Group Dividend Value ETF by 8,219.6% in the 2nd 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. Finally, 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.

Capital Group Dividend Value ETF Trading Down 0.3 %

NYSEARCA:CGDV opened at $36.41 on Wednesday. The stock’s 50-day moving average is $36.56 and its 200-day moving average is $35.09. The stock has a market cap of $8.30 billion, a P/E ratio of 22.38 and a beta of 0.92. Capital Group Dividend Value ETF has a 1-year low of $28.24 and a 1-year 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.