Capital Group Dividend Value ETF (NYSEARCA:CGDV) Position Boosted by Kovack Advisors Inc.

Kovack Advisors Inc. boosted its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 81.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,202 shares of the company’s stock after buying an additional 5,936 shares during the quarter. Kovack Advisors Inc.’s holdings in Capital Group Dividend Value ETF were worth $481,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CGDV. Creative Planning lifted its holdings in Capital Group Dividend Value ETF by 36.9% in the third quarter. Creative Planning now owns 28,271 shares of the company’s stock worth $1,030,000 after acquiring an additional 7,618 shares during the last quarter. Kingsview Wealth Management LLC boosted its position in Capital Group Dividend Value ETF by 8.5% during the 1st quarter. Kingsview Wealth Management LLC now owns 17,570 shares of the company’s stock valued at $571,000 after purchasing an additional 1,375 shares during the period. Oppenheimer & Co. Inc. grew its stake in Capital Group Dividend Value ETF by 15.1% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 72,405 shares of the company’s stock worth $2,389,000 after buying an additional 9,511 shares during the last quarter. Wedbush Securities Inc. increased its position in Capital Group Dividend Value ETF by 27.7% in the second quarter. Wedbush Securities Inc. now owns 287,659 shares of the company’s stock worth $9,493,000 after buying an additional 62,462 shares during the period. Finally, Cullen Frost Bankers Inc. increased its position in Capital Group Dividend Value ETF by 8,219.6% in the second quarter. Cullen Frost Bankers Inc. now owns 13,145 shares of the company’s stock worth $434,000 after buying an additional 12,987 shares during the period.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV opened at $36.30 on Friday. The firm has a fifty day moving average of $36.28 and a 200-day moving average of $34.57. The company has a market cap of $8.27 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92. Capital Group Dividend Value ETF has a 1 year low of $27.59 and a 1 year high of $37.17.

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.