Avantax Advisory Services Inc. Boosts Holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Avantax Advisory Services Inc. raised its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 29.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 876,527 shares of the company’s stock after buying an additional 198,627 shares during the period. Avantax Advisory Services Inc.’s holdings in Capital Group Dividend Value ETF were worth $30,906,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC bought a new position in shares of Capital Group Dividend Value ETF in the 4th quarter worth $47,000. PNC Financial Services Group Inc. bought a new position in shares of Capital Group Dividend Value ETF in the 4th quarter worth $55,000. Blue Trust Inc. increased its holdings in shares of Capital Group Dividend Value ETF by 33.3% in the 4th quarter. Blue Trust Inc. now owns 1,600 shares of the company’s stock worth $58,000 after buying an additional 400 shares during the last quarter. Cassady Schiller Wealth Management LLC bought a new position in shares of Capital Group Dividend Value ETF in the 3rd quarter worth $83,000. Finally, Oakworth Capital Inc. bought a new position in shares of Capital Group Dividend Value ETF in the 4th quarter worth $129,000.

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA:CGDV opened at $35.65 on Wednesday. The company’s fifty day moving average price is $36.39 and its 200-day moving average price is $36.25. The firm has a market capitalization of $13.63 billion, a price-to-earnings ratio of 25.21 and a beta of 0.90. Capital Group Dividend Value ETF has a one year low of $31.03 and a one year high of $37.38.

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.