Raymond James & Associates Boosts Stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Raymond James & Associates increased its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 18.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 5,550,315 shares of the company’s stock after purchasing an additional 880,267 shares during the period. Raymond James & Associates owned 2.44% of Capital Group Dividend Value ETF worth $183,160,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Advance Capital Management Inc. purchased a new stake in Capital Group Dividend Value ETF during the 2nd quarter valued at approximately $300,292,000. Cetera Investment Advisers increased its position in Capital Group Dividend Value ETF by 256.8% during the 1st quarter. Cetera Investment Advisers now owns 4,319,438 shares of the company’s stock worth $140,382,000 after purchasing an additional 3,108,678 shares during the period. Wells Fargo & Company MN increased its position in Capital Group Dividend Value ETF by 117.2% during the 4th quarter. Wells Fargo & Company MN now owns 4,098,283 shares of the company’s stock worth $122,293,000 after purchasing an additional 2,211,266 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in Capital Group Dividend Value ETF by 16.5% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 8,481,835 shares of the company’s stock worth $275,660,000 after purchasing an additional 1,198,696 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its position in Capital Group Dividend Value ETF by 51.9% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 2,860,972 shares of the company’s stock worth $85,371,000 after purchasing an additional 977,176 shares during the period.

Capital Group Dividend Value ETF Price Performance

CGDV opened at $34.86 on Monday. The stock has a market cap of $7.94 billion, a P/E ratio of 22.38 and a beta of 0.92. The stock’s 50 day simple moving average is $33.74 and its 200 day simple moving average is $32.53. Capital Group Dividend Value ETF has a 1-year low of $25.47 and a 1-year high of $35.28.

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.