Capital Group Dividend Value ETF (NYSEARCA:CGDV) Shares Sold by WealthTrust Asset Management LLC

WealthTrust Asset Management LLC trimmed its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 35.9% in the second quarter, HoldingsChannel reports. The firm owned 7,123 shares of the company’s stock after selling 3,991 shares during the period. WealthTrust Asset Management LLC’s holdings in Capital Group Dividend Value ETF were worth $235,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. LPL Financial LLC increased its position in 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 worth $420,880,000 after buying an additional 1,722,366 shares in the last quarter. Advance Capital Management Inc. purchased a new stake in Capital Group Dividend Value ETF during the 2nd quarter worth about $300,292,000. Raymond James Financial Services Advisors Inc. increased its position in Capital Group Dividend Value ETF by 6.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 9,000,947 shares of the company’s stock worth $297,031,000 after purchasing an additional 519,112 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Capital Group Dividend Value ETF by 15.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,007,181 shares of the company’s stock valued at $264,237,000 after purchasing an additional 1,042,548 shares in the last quarter. Finally, Capital Group Private Client Services Inc. lifted its holdings in Capital Group Dividend Value ETF by 7.6% in the 1st quarter. Capital Group Private Client Services Inc. now owns 6,102,611 shares of the company’s stock valued at $198,335,000 after purchasing an additional 431,056 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA CGDV opened at $36.26 on Friday. The firm has a market cap of $8.26 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 $25.47 and a 1 year high of $36.37. The firm’s 50 day moving average price is $34.70 and its 200 day moving average price is $33.28.

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.