Acorn Financial Advisory Services Inc. ADV Increases Stock Holdings in Capital Group Dividend Value ETF $CGDV

Acorn Financial Advisory Services Inc. ADV lifted its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDVFree Report) by 23.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,076 shares of the company’s stock after buying an additional 1,724 shares during the period. Acorn Financial Advisory Services Inc. ADV’s holdings in Capital Group Dividend Value ETF were worth $358,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. LPL Financial LLC boosted its position in shares of Capital Group Dividend Value ETF by 34.0% during the first quarter. LPL Financial LLC now owns 29,452,035 shares of the company’s stock valued at $1,049,670,000 after buying an additional 7,468,408 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in Capital Group Dividend Value ETF by 1.8% during the first quarter. Raymond James Financial Inc. now owns 17,353,649 shares of the company’s stock worth $618,484,000 after acquiring an additional 301,908 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Capital Group Dividend Value ETF by 36.6% during the first quarter. Envestnet Asset Management Inc. now owns 15,207,625 shares of the company’s stock worth $542,000,000 after acquiring an additional 4,071,484 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Capital Group Dividend Value ETF by 19.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 13,831,238 shares of the company’s stock worth $492,945,000 after acquiring an additional 2,220,112 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in Capital Group Dividend Value ETF by 19.8% during the first quarter. Cetera Investment Advisers now owns 10,119,747 shares of the company’s stock worth $360,668,000 after acquiring an additional 1,672,691 shares during the period.

Capital Group Dividend Value ETF Trading Up 1.2%

Shares of Capital Group Dividend Value ETF stock opened at $41.83 on Tuesday. The business’s fifty day simple moving average is $41.57 and its 200 day simple moving average is $38.81. The firm has a market capitalization of $22.66 billion, a P/E ratio of 26.59 and a beta of 0.91. Capital Group Dividend Value ETF has a 12 month low of $30.94 and a 12 month high of $42.66.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were issued a dividend of $0.1359 per share. This represents a $0.54 dividend on an annualized basis and a yield of 1.3%. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13. The ex-dividend date was Tuesday, September 30th.

Capital Group Dividend Value ETF Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Capital Group Dividend Value ETF (NYSEARCA:CGDV)

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