Acorn Financial Advisory Services Inc. ADV Invests $216,000 in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Acorn Financial Advisory Services Inc. ADV acquired a new position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,925 shares of the company’s stock, valued at approximately $216,000.

A number of other institutional investors have also made changes to their positions in CGDV. Headlands Technologies LLC acquired a new position in shares of Capital Group Dividend Value ETF during the 2nd quarter worth approximately $27,000. Signaturefd LLC acquired a new position in shares of Capital Group Dividend Value ETF during the 2nd quarter worth approximately $36,000. Hershey Financial Advisers LLC acquired a new position in shares of Capital Group Dividend Value ETF during the 2nd quarter worth approximately $36,000. Russell Investments Group Ltd. acquired a new position in shares of Capital Group Dividend Value ETF during the 1st quarter worth approximately $42,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Capital Group Dividend Value ETF during the 2nd quarter worth approximately $88,000.

Capital Group Dividend Value ETF Price Performance

NYSEARCA CGDV traded up $0.12 on Friday, reaching $37.05. The stock had a trading volume of 1,605,571 shares, compared to its average volume of 1,607,103. The firm has a fifty day moving average of $36.17 and a two-hundred day moving average of $34.44. Capital Group Dividend Value ETF has a 1-year low of $26.71 and a 1-year high of $37.17. The company has a market cap of $8.44 billion, a P/E ratio of 22.38 and a beta of 0.92.

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.