Procyon Advisors LLC Reduces Position in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Procyon Advisors LLC trimmed its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 16.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,892 shares of the company’s stock after selling 2,923 shares during the quarter. Procyon Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $444,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in Capital Group Dividend Value ETF by 143.1% in the third quarter. Envestnet Asset Management Inc. now owns 5,507,402 shares of the company’s stock valued at $145,781,000 after acquiring an additional 3,242,240 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in Capital Group Dividend Value ETF by 60.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 5,897,840 shares of the company’s stock valued at $156,116,000 after acquiring an additional 2,230,114 shares during the period. MML Investors Services LLC boosted its stake in Capital Group Dividend Value ETF by 187.0% in the second quarter. MML Investors Services LLC now owns 1,834,622 shares of the company’s stock valued at $49,608,000 after acquiring an additional 1,195,298 shares during the period. LPL Financial LLC boosted its stake in Capital Group Dividend Value ETF by 20.6% in the third quarter. LPL Financial LLC now owns 6,795,375 shares of the company’s stock valued at $179,874,000 after acquiring an additional 1,161,371 shares during the period. Finally, Capital International Investors acquired a new position in Capital Group Dividend Value ETF in the first quarter valued at approximately $24,214,000.

Capital Group Dividend Value ETF Trading Down 0.2 %

Shares of NYSEARCA CGDV opened at $32.51 on Friday. The stock has a 50 day simple moving average of $31.00 and a 200-day simple moving average of $28.92. The company has a market cap of $3.25 billion, a PE ratio of 17.83 and a beta of 0.91. Capital Group Dividend Value ETF has a 12-month low of $24.51 and a 12-month high of $32.60.

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.