Brown Miller Wealth Management LLC Makes New $208,000 Investment in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Brown Miller Wealth Management LLC purchased a new position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,955 shares of the company’s stock, valued at approximately $208,000.

Other large investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its position in shares of Capital Group Dividend Value ETF by 143.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 5,507,402 shares of the company’s stock worth $145,781,000 after purchasing an additional 3,242,240 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Capital Group Dividend Value ETF by 60.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 5,897,840 shares of the company’s stock valued at $156,116,000 after purchasing an additional 2,230,114 shares in the last quarter. MML Investors Services LLC raised its holdings in shares of Capital Group Dividend Value ETF by 187.0% in the 2nd quarter. MML Investors Services LLC now owns 1,834,622 shares of the company’s stock valued at $49,608,000 after purchasing an additional 1,195,298 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Capital Group Dividend Value ETF by 20.6% in the 3rd quarter. LPL Financial LLC now owns 6,795,375 shares of the company’s stock valued at $179,874,000 after purchasing an additional 1,161,371 shares in the last quarter. Finally, Capital International Investors acquired a new stake in shares of Capital Group Dividend Value ETF in the 1st quarter valued at $24,214,000.

Capital Group Dividend Value ETF Trading Down 0.2 %

NYSEARCA:CGDV traded down $0.07 during midday trading on Thursday, hitting $32.51. 3,053,310 shares of the company were exchanged, compared to its average volume of 1,428,813. The company has a fifty day simple moving average of $31.00 and a 200 day simple moving average of $28.92. Capital Group Dividend Value ETF has a fifty-two week low of $24.51 and a fifty-two week high of $32.60. The company has a market capitalization of $3.25 billion, a PE ratio of 17.83 and a beta of 0.91.

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.