Mutual Advisors LLC Sells 58,398 Shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Mutual Advisors LLC cut its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDVFree Report) by 48.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,214 shares of the company’s stock after selling 58,398 shares during the quarter. Mutual Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $1,989,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CGDV. Wells Fargo & Company MN raised its holdings in Capital Group Dividend Value ETF by 117.2% in 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 in the last quarter. Confluence Wealth Services Inc. grew its position in shares of Capital Group Dividend Value ETF by 71.8% in the 4th quarter. Confluence Wealth Services Inc. now owns 3,462,094 shares of the company’s stock worth $103,309,000 after buying an additional 1,446,779 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in shares of Capital Group Dividend Value ETF by 23.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 7,283,139 shares of the company’s stock worth $217,329,000 after buying an additional 1,385,299 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of Capital Group Dividend Value ETF by 51.9% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 2,860,972 shares of the company’s stock worth $85,371,000 after buying an additional 977,176 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of Capital Group Dividend Value ETF by 15.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 6,331,512 shares of the company’s stock worth $188,932,000 after buying an additional 824,110 shares during the period.

Capital Group Dividend Value ETF Price Performance

NYSEARCA:CGDV opened at $33.35 on Wednesday. The firm’s 50-day moving average price is $32.98 and its 200-day moving average price is $31.68. The company has a market capitalization of $7.60 billion, a PE ratio of 22.38 and a beta of 0.92. Capital Group Dividend Value ETF has a 1-year low of $25.47 and a 1-year high of $33.56.

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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