Sei Investments Co. Buys New Shares in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Sei Investments Co. purchased a new position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the second quarter, HoldingsChannel.com reports. The firm purchased 757,308 shares of the company’s stock, valued at approximately $24,992,000.

Several other institutional investors have also recently made changes to their positions in the stock. Headlands Technologies LLC purchased a new stake in Capital Group Dividend Value ETF in the 2nd quarter worth approximately $27,000. Glassman Wealth Services purchased a new stake in shares of Capital Group Dividend Value ETF in the first quarter worth $29,000. Transcendent Capital Group LLC bought a new stake in shares of Capital Group Dividend Value ETF during the 4th quarter valued at $33,000. Signaturefd LLC purchased a new position in shares of Capital Group Dividend Value ETF during the 2nd quarter valued at $36,000. Finally, Russell Investments Group Ltd. bought a new position in Capital Group Dividend Value ETF in the 1st quarter worth $42,000.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV stock opened at $36.44 on Wednesday. The stock has a fifty day simple moving average of $34.88 and a two-hundred day simple moving average of $33.42. Capital Group Dividend Value ETF has a 52-week low of $25.47 and a 52-week high of $36.49. The firm has a market capitalization of $8.30 billion, a PE 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.