Merit Financial Group LLC Reduces Stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Merit Financial Group LLC lessened its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 3.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 172,937 shares of the company’s stock after selling 6,063 shares during the period. Merit Financial Group LLC’s holdings in Capital Group Dividend Value ETF were worth $5,160,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of CGDV. Lincoln Capital LLC lifted its holdings in Capital Group Dividend Value ETF by 2.6% in the fourth quarter. Lincoln Capital LLC now owns 16,420 shares of the company’s stock valued at $490,000 after acquiring an additional 418 shares during the period. Carson Advisory Inc. boosted its holdings in Capital Group Dividend Value ETF by 1.0% during the third quarter. Carson Advisory Inc. now owns 55,722 shares of the company’s stock worth $1,475,000 after buying an additional 555 shares in the last quarter. Great Valley Advisor Group Inc. grew its position in Capital Group Dividend Value ETF by 7.4% during the fourth quarter. Great Valley Advisor Group Inc. now owns 9,124 shares of the company’s stock valued at $272,000 after buying an additional 631 shares during the period. Winch Advisory Services LLC increased its holdings in Capital Group Dividend Value ETF by 35.1% in the fourth quarter. Winch Advisory Services LLC now owns 2,770 shares of the company’s stock valued at $83,000 after buying an additional 719 shares in the last quarter. Finally, Tennessee Valley Asset Management Partners acquired a new position in shares of Capital Group Dividend Value ETF in the fourth quarter worth about $26,000.

Capital Group Dividend Value ETF Stock Up 1.3 %

Shares of NYSEARCA:CGDV traded up $0.42 during trading on Friday, reaching $32.22. 1,425,559 shares of the company’s stock traded hands, compared to its average volume of 1,480,953. The firm has a market cap of $7.34 billion, a PE ratio of 22.38 and a beta of 0.92. Capital Group Dividend Value ETF has a fifty-two week low of $24.86 and a fifty-two week high of $32.74. The company has a 50-day simple moving average of $31.85 and a 200-day simple moving average of $29.86.

About Capital Group Dividend Value ETF

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.