Kovack Advisors Inc. Invests $273,000 in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Kovack Advisors Inc. bought a new position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,403 shares of the company’s stock, valued at approximately $273,000.

Several other institutional investors have also made changes to their positions in the company. Lantz Financial LLC grew its position in Capital Group Dividend Value ETF by 0.9% during the first quarter. Lantz Financial LLC now owns 39,823 shares of the company’s stock valued at $1,294,000 after purchasing an additional 373 shares in the last quarter. International Assets Investment Management LLC grew its position in Capital Group Dividend Value ETF by 4.4% during the first quarter. International Assets Investment Management LLC now owns 9,423 shares of the company’s stock valued at $306,000 after purchasing an additional 400 shares in the last quarter. Lincoln Capital LLC grew its position in Capital Group Dividend Value ETF by 2.6% during the fourth quarter. Lincoln Capital LLC now owns 16,420 shares of the company’s stock valued at $490,000 after purchasing an additional 418 shares in the last quarter. Great Valley Advisor Group Inc. grew its position in Capital Group Dividend Value ETF by 7.4% during the fourth quarter. Great Valley Advisor Group Inc. now owns 9,124 shares of the company’s stock valued at $272,000 after purchasing an additional 631 shares in the last quarter. Finally, Winch Advisory Services LLC grew its position in Capital Group Dividend Value ETF by 35.1% during the fourth quarter. Winch Advisory Services LLC now owns 2,770 shares of the company’s stock valued at $83,000 after purchasing an additional 719 shares in the last quarter.

Capital Group Dividend Value ETF Stock Up 0.4 %

CGDV stock opened at $33.24 on Friday. The company has a market capitalization of $7.58 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92. Capital Group Dividend Value ETF has a 12 month low of $25.47 and a 12 month high of $33.56. The firm has a 50 day moving average of $32.90 and a two-hundred day moving average of $31.57.

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.