Bogart Wealth LLC Cuts Holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Bogart Wealth LLC decreased its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,229,671 shares of the company’s stock after selling 7,657 shares during the period. Capital Group Dividend Value ETF comprises 2.0% of Bogart Wealth LLC’s investment portfolio, making the stock its 13th biggest position. Bogart Wealth LLC’s holdings in Capital Group Dividend Value ETF were worth $43,358,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gladstone Institutional Advisory LLC increased its holdings in Capital Group Dividend Value ETF by 174.7% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 27,784 shares of the company’s stock valued at $980,000 after buying an additional 17,670 shares in the last quarter. Beacon Financial Group purchased a new stake in shares of Capital Group Dividend Value ETF during the fourth quarter worth about $258,000. Ridgeline Wealth Planning LLC purchased a new stake in shares of Capital Group Dividend Value ETF during the fourth quarter worth about $8,210,000. JSF Financial LLC purchased a new stake in shares of Capital Group Dividend Value ETF during the fourth quarter worth about $422,000. Finally, Weatherly Asset Management L. P. purchased a new stake in shares of Capital Group Dividend Value ETF during the fourth quarter worth about $290,000.

Capital Group Dividend Value ETF Stock Up 0.4 %

CGDV stock opened at $37.36 on Friday. The stock has a market capitalization of $8.51 billion, a P/E ratio of 22.38 and a beta of 0.92. The firm has a 50-day simple moving average of $36.11 and a 200-day simple moving average of $35.94. Capital Group Dividend Value ETF has a 52 week low of $30.11 and a 52 week high of $37.37.

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.