Sunbelt Securities Inc. Buys 16,759 Shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Sunbelt Securities Inc. lifted its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 18.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,255 shares of the company’s stock after buying an additional 16,759 shares during the period. Sunbelt Securities Inc.’s holdings in Capital Group Dividend Value ETF were worth $3,539,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CGDV. LPL Financial LLC grew its holdings in shares of Capital Group Dividend Value ETF by 15.6% in the 2nd quarter. LPL Financial LLC now owns 12,753,940 shares of the company’s stock valued at $420,880,000 after acquiring an additional 1,722,366 shares in the last quarter. Advance Capital Management Inc. bought a new position in shares of Capital Group Dividend Value ETF during the second quarter worth approximately $300,292,000. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Capital Group Dividend Value ETF by 6.1% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 9,000,947 shares of the company’s stock worth $297,031,000 after buying an additional 519,112 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Capital Group Dividend Value ETF by 7.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,864,888 shares of the company’s stock worth $292,541,000 after purchasing an additional 630,942 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Capital Group Dividend Value ETF by 15.0% in the second 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 during the period.

Capital Group Dividend Value ETF Stock Performance

CGDV opened at $36.48 on Monday. The firm has a market cap of $8.31 billion, a P/E ratio of 22.38 and a beta of 0.92. The business’s fifty day moving average is $35.01 and its 200-day moving average is $33.52. Capital Group Dividend Value ETF has a 52-week low of $25.47 and a 52-week high of $36.69.

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.