Professional Financial Advisors LLC Makes New $747,000 Investment in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Professional Financial Advisors LLC acquired a new position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 27,636 shares of the company’s stock, valued at approximately $747,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CGDV. Envestnet Asset Management Inc. bought a new position in Capital Group Dividend Value ETF during the first quarter worth about $357,000. Captrust Financial Advisors acquired a new position in Capital Group Dividend Value ETF in the 1st quarter valued at $207,000. Capital International Investors bought a new stake in shares of Capital Group Dividend Value ETF during the 1st quarter valued at $24,214,000. Citadel Advisors LLC acquired a new stake in shares of Capital Group Dividend Value ETF during the 2nd quarter worth $701,000. Finally, Jane Street Group LLC bought a new position in shares of Capital Group Dividend Value ETF in the second quarter worth $835,000.

Capital Group Dividend Value ETF Stock Up 0.2 %

CGDV opened at $27.33 on Tuesday. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 17.83 and a beta of 0.91. Capital Group Dividend Value ETF has a twelve month low of $20.41 and a twelve month high of $28.27. The company has a 50-day simple moving average of $27.51 and a 200 day simple moving average of $26.19.

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.