Carson Advisory Inc. Grows Stock Holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Carson Advisory Inc. boosted its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 3.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 63,202 shares of the company’s stock after purchasing an additional 2,360 shares during the quarter. Capital Group Dividend Value ETF makes up approximately 1.4% of Carson Advisory Inc.’s holdings, making the stock its 16th largest position. Carson Advisory Inc.’s holdings in Capital Group Dividend Value ETF were worth $2,054,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wells Fargo & Company MN boosted its stake in Capital Group Dividend Value ETF by 117.2% in the fourth quarter. Wells Fargo & Company MN now owns 4,098,283 shares of the company’s stock valued at $122,293,000 after acquiring an additional 2,211,266 shares in the last quarter. Confluence Wealth Services Inc. lifted its stake in Capital Group Dividend Value ETF by 71.8% in the fourth quarter. Confluence Wealth Services Inc. now owns 3,462,094 shares of the company’s stock valued at $103,309,000 after buying an additional 1,446,779 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Capital Group Dividend Value ETF by 23.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 7,283,139 shares of the company’s stock valued at $217,329,000 after acquiring 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% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 2,860,972 shares of the company’s stock worth $85,371,000 after acquiring an additional 977,176 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings 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 valued at $188,932,000 after acquiring an additional 824,110 shares during the period.

Capital Group Dividend Value ETF Trading Up 1.0 %

CGDV stock traded up $0.35 on Wednesday, hitting $33.70. The company’s stock had a trading volume of 1,652,806 shares, compared to its average volume of 1,578,188. The stock has a market cap of $7.68 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92. The firm has a 50 day moving average of $33.02 and a two-hundred day moving average of $31.69. Capital Group Dividend Value ETF has a 1 year low of $25.47 and a 1 year high of $33.71.

Capital Group Dividend Value ETF Company 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.