Prime Capital Investment Advisors LLC Raises Stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Prime Capital Investment Advisors LLC increased its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 7.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,266 shares of the company’s stock after buying an additional 1,671 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $848,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CGDV. Russell Investments Group Ltd. bought a new stake in shares of Capital Group Dividend Value ETF in the first quarter valued at $42,000. US Bancorp DE bought a new stake in Capital Group Dividend Value ETF in the 1st quarter valued at about $638,000. Kingsview Wealth Management LLC lifted its holdings in Capital Group Dividend Value ETF by 8.5% during the first 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 last quarter. Blair William & Co. IL boosted its position in Capital Group Dividend Value ETF by 69.2% during the first quarter. Blair William & Co. IL now owns 247,646 shares of the company’s stock worth $8,048,000 after purchasing an additional 101,298 shares during the period. Finally, Mark Sheptoff Financial Planning LLC increased its stake in shares of Capital Group Dividend Value ETF by 247.5% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 3,225 shares of the company’s stock worth $105,000 after purchasing an additional 2,297 shares in the last quarter.

Capital Group Dividend Value ETF Trading Down 0.9 %

Shares of CGDV stock opened at $35.97 on Friday. The firm’s 50 day moving average is $36.31 and its 200 day moving average is $34.60. The stock has a market capitalization of $8.20 billion, a P/E ratio of 22.38 and a beta of 0.92. Capital Group Dividend Value ETF has a 12 month low of $27.59 and a 12 month high of $37.17.

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.