Confluence Wealth Services Inc. Has $172.34 Million Stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Confluence Wealth Services Inc. increased its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 9.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,708,770 shares of the company’s stock after purchasing an additional 388,981 shares during the quarter. Capital Group Dividend Value ETF accounts for 11.2% of Confluence Wealth Services Inc.’s portfolio, making the stock its largest position. Confluence Wealth Services Inc.’s holdings in Capital Group Dividend Value ETF were worth $172,341,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Blue Trust Inc. lifted its stake in shares of Capital Group Dividend Value ETF by 33.3% in the 4th quarter. Blue Trust Inc. now owns 1,600 shares of the company’s stock worth $58,000 after purchasing an additional 400 shares during the period. Cassady Schiller Wealth Management LLC purchased a new position in shares of Capital Group Dividend Value ETF during the 3rd quarter worth $83,000. Mather Group LLC. boosted its stake in shares of Capital Group Dividend Value ETF by 36.7% during the 3rd quarter. Mather Group LLC. now owns 3,464 shares of the company’s stock worth $126,000 after acquiring an additional 930 shares during the last quarter. Westside Investment Management Inc. grew its position in shares of Capital Group Dividend Value ETF by 1,595.7% during the 4th quarter. Westside Investment Management Inc. now owns 3,900 shares of the company’s stock valued at $138,000 after acquiring an additional 3,670 shares during the period. Finally, Valley National Advisers Inc. increased its stake in shares of Capital Group Dividend Value ETF by 503.2% in the 3rd quarter. Valley National Advisers Inc. now owns 4,192 shares of the company’s stock worth $151,000 after purchasing an additional 3,497 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of Capital Group Dividend Value ETF stock opened at $36.73 on Wednesday. The stock’s fifty day moving average is $36.07 and its 200 day moving average is $35.83. Capital Group Dividend Value ETF has a one year low of $29.86 and a one year high of $37.17. The stock has a market cap of $8.37 billion, a P/E ratio of 22.38 and a beta of 0.92.

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.