Capital Group Dividend Value ETF (NYSEARCA:CGDV) is Beacon Financial Advisory LLC’s 2nd Largest Position

Beacon Financial Advisory LLC boosted its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 62.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 326,772 shares of the company’s stock after purchasing an additional 126,080 shares during the period. Capital Group Dividend Value ETF accounts for 3.7% of Beacon Financial Advisory LLC’s investment portfolio, making the stock its 2nd biggest holding. Beacon Financial Advisory LLC owned 0.14% of Capital Group Dividend Value ETF worth $11,522,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its position in Capital Group Dividend Value ETF by 26.8% in the 3rd quarter. LPL Financial LLC now owns 16,169,046 shares of the company’s stock worth $589,200,000 after buying an additional 3,415,106 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in Capital Group Dividend Value ETF by 18.9% during the third quarter. Commonwealth Equity Services LLC now owns 7,056,545 shares of the company’s stock valued at $257,140,000 after purchasing an additional 1,121,465 shares during the last quarter. Raymond James & Associates grew its stake in Capital Group Dividend Value ETF by 19.9% in the third quarter. Raymond James & Associates now owns 6,654,717 shares of the company’s stock valued at $242,498,000 after purchasing an additional 1,104,402 shares in the last quarter. Summit Investment Advisory Services LLC purchased a new stake in shares of Capital Group Dividend Value ETF during the 3rd quarter worth about $32,260,000. Finally, International Assets Investment Management LLC raised its stake in shares of Capital Group Dividend Value ETF by 5,953.4% during the 3rd quarter. International Assets Investment Management LLC now owns 649,106 shares of the company’s stock worth $236,530,000 after purchasing an additional 638,383 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA CGDV opened at $36.90 on Thursday. The stock has a market cap of $8.41 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92. The business has a 50 day simple moving average of $36.08 and a 200 day simple moving average of $35.83. Capital Group Dividend Value ETF has a 52 week low of $29.86 and a 52 week 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.