SFG Wealth Management LLC. Buys New Holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

SFG Wealth Management LLC. purchased a new position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,833 shares of the company’s stock, valued at approximately $276,000.

Other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC lifted its holdings in shares of Capital Group Dividend Value ETF by 26.8% in the third quarter. LPL Financial LLC now owns 16,169,046 shares of the company’s stock worth $589,200,000 after buying an additional 3,415,106 shares in the last quarter. Advance Capital Management Inc. increased its holdings in Capital Group Dividend Value ETF by 18.5% in the 3rd quarter. Advance Capital Management Inc. now owns 10,786,079 shares of the company’s stock valued at $393,045,000 after acquiring an additional 1,686,328 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in Capital Group Dividend Value ETF by 18.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 7,056,545 shares of the company’s stock worth $257,140,000 after purchasing an additional 1,121,465 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of Capital Group Dividend Value ETF by 19.9% during the 3rd quarter. Raymond James & Associates now owns 6,654,717 shares of the company’s stock valued at $242,498,000 after purchasing an additional 1,104,402 shares during the last quarter. Finally, Summit Investment Advisory Services LLC purchased a new position in shares of Capital Group Dividend Value ETF during the third quarter valued at about $32,260,000.

Capital Group Dividend Value ETF Trading Up 0.8 %

Shares of CGDV stock opened at $35.82 on Monday. The stock has a market capitalization of $8.16 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92. Capital Group Dividend Value ETF has a 12-month low of $29.34 and a 12-month high of $37.17. The stock’s 50-day moving average price is $36.06 and its 200-day moving average price is $35.60.

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.