NewEdge Advisors LLC Raises Stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

NewEdge Advisors LLC boosted its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 40.2% in the 2nd quarter, Holdings Channel reports. The firm owned 855,809 shares of the company’s stock after acquiring an additional 245,468 shares during the quarter. NewEdge Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $28,242,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CGDV. LPL Financial LLC raised its position in shares of Capital Group Dividend Value ETF by 15.6% in 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. bought a new stake in Capital Group Dividend Value ETF during the second quarter worth about $300,292,000. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Capital Group Dividend Value ETF by 6.1% in 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. Northwestern Mutual Wealth Management Co. increased its position in shares of Capital Group Dividend Value ETF by 7.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,864,888 shares of the company’s stock valued at $292,541,000 after purchasing an additional 630,942 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Capital Group Dividend Value ETF by 15.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,007,181 shares of the company’s stock valued at $264,237,000 after buying an additional 1,042,548 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of CGDV opened at $36.48 on Friday. Capital Group Dividend Value ETF has a 1 year low of $25.47 and a 1 year high of $36.69. The stock has a 50 day simple moving average of $35.01 and a two-hundred day simple moving average of $33.51. The firm has a market cap of $8.31 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.