DAVENPORT & Co LLC Increases Position in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

DAVENPORT & Co LLC increased its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 11.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,288 shares of the company’s stock after buying an additional 7,513 shares during the quarter. DAVENPORT & Co LLC’s holdings in Capital Group Dividend Value ETF were worth $2,584,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Capital Group Dividend Value ETF by 7.3% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,475 shares of the company’s stock valued at $163,000 after purchasing an additional 304 shares during the last quarter. Professional Financial Advisors LLC boosted its holdings in Capital Group Dividend Value ETF by 1.2% in the fourth quarter. Professional Financial Advisors LLC now owns 32,882 shares of the company’s stock valued at $1,159,000 after purchasing an additional 383 shares during the last quarter. Blue Trust Inc. boosted its holdings in Capital Group Dividend Value ETF by 33.3% in the fourth quarter. Blue Trust Inc. now owns 1,600 shares of the company’s stock valued at $58,000 after purchasing an additional 400 shares during the last quarter. Peapack Gladstone Financial Corp boosted its holdings in Capital Group Dividend Value ETF by 0.5% in the third quarter. Peapack Gladstone Financial Corp now owns 80,610 shares of the company’s stock valued at $2,937,000 after purchasing an additional 440 shares during the last quarter. Finally, Financial Council LLC boosted its holdings in Capital Group Dividend Value ETF by 1.5% in the third quarter. Financial Council LLC now owns 31,514 shares of the company’s stock valued at $1,148,000 after purchasing an additional 473 shares during the last quarter.

Capital Group Dividend Value ETF Stock Performance

NYSEARCA:CGDV opened at $36.73 on Wednesday. Capital Group Dividend Value ETF has a one year low of $29.86 and a one year high of $37.17. The firm has a market cap of $8.37 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92. The firm’s fifty day moving average is $36.07 and its two-hundred day moving average is $35.83.

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.