Strategic Financial Concepts LLC Invests $2.33 Million in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Strategic Financial Concepts LLC purchased a new position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 65,996 shares of the company’s stock, valued at approximately $2,327,000.

Several other hedge funds have also recently modified their holdings of CGDV. LPL Financial LLC grew its holdings in Capital Group Dividend Value ETF by 26.8% during the third quarter. LPL Financial LLC now owns 16,169,046 shares of the company’s stock valued at $589,200,000 after purchasing an additional 3,415,106 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of Capital Group Dividend Value ETF by 18.9% in the third quarter. Commonwealth Equity Services LLC now owns 7,056,545 shares of the company’s stock worth $257,140,000 after acquiring an additional 1,121,465 shares during the period. Raymond James & Associates boosted its stake in shares of 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 worth $242,498,000 after acquiring an additional 1,104,402 shares during the period. Summit Investment Advisory Services LLC bought a new position in shares of Capital Group Dividend Value ETF in the third quarter worth about $32,260,000. Finally, International Assets Investment Management LLC lifted its position in shares of Capital Group Dividend Value ETF by 5,953.4% in the third quarter. International Assets Investment Management LLC now owns 649,106 shares of the company’s stock worth $236,530,000 after buying an additional 638,383 shares in the last quarter.

Capital Group Dividend Value ETF Trading Up 0.6 %

NYSEARCA:CGDV opened at $37.13 on Tuesday. Capital Group Dividend Value ETF has a 12 month low of $29.86 and a 12 month high of $37.28. The business’s 50-day moving average is $36.08 and its 200 day moving average is $35.91. The company has a market capitalization of $8.46 billion, a P/E ratio of 22.38 and a beta of 0.92.

Capital Group Dividend Value ETF Company 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.