HB Wealth Management LLC Purchases Shares of 6,663 Capital Group Dividend Value ETF (NYSEARCA:CGDV)

HB Wealth Management LLC purchased a new stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 6,663 shares of the company’s stock, valued at approximately $220,000.

Several other institutional investors have also added to or reduced their stakes in CGDV. Lincoln National Corp lifted its stake in shares of Capital Group Dividend Value ETF by 22.8% in the 4th quarter. Lincoln National Corp now owns 513,371 shares of the company’s stock valued at $15,319,000 after purchasing an additional 95,468 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in shares of Capital Group Dividend Value ETF by 8.5% in the 1st quarter. Oppenheimer & Co. Inc. now owns 62,894 shares of the company’s stock valued at $2,044,000 after purchasing an additional 4,905 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Capital Group Dividend Value ETF by 117.2% in the 4th quarter. Wells Fargo & Company MN now owns 4,098,283 shares of the company’s stock valued at $122,293,000 after purchasing an additional 2,211,266 shares during the last quarter. BlackDiamond Wealth Management LLC bought a new stake in shares of Capital Group Dividend Value ETF in the 4th quarter valued at approximately $2,145,000. Finally, Thoroughbred Financial Services LLC lifted its stake in shares of Capital Group Dividend Value ETF by 90.8% during the 1st quarter. Thoroughbred Financial Services LLC now owns 18,535 shares of the company’s stock worth $602,000 after acquiring an additional 8,821 shares during the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV stock opened at $35.76 on Friday. Capital Group Dividend Value ETF has a 52-week low of $25.47 and a 52-week high of $35.78. The firm has a market capitalization of $8.15 billion, a P/E ratio of 22.38 and a beta of 0.92. The stock has a 50 day moving average price of $34.17 and a 200 day moving average price of $32.87.

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.