Trinity Wealth Management LLC Purchases Shares of 131,655 Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Trinity Wealth Management LLC acquired a new position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 131,655 shares of the company’s stock, valued at approximately $4,798,000. Capital Group Dividend Value ETF comprises 2.2% of Trinity Wealth Management LLC’s investment portfolio, making the stock its 14th biggest holding. Trinity Wealth Management LLC owned about 0.06% of Capital Group Dividend Value ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Advance Capital Management Inc. acquired a new stake in Capital Group Dividend Value ETF during the 2nd quarter worth about $300,292,000. Cetera Investment Advisers grew its holdings in Capital Group Dividend Value ETF by 256.8% during the first quarter. Cetera Investment Advisers now owns 4,319,438 shares of the company’s stock worth $140,382,000 after acquiring an additional 3,108,678 shares during the period. LPL Financial LLC lifted its holdings in Capital Group Dividend Value ETF by 15.6% in the second quarter. LPL Financial LLC now owns 12,753,940 shares of the company’s stock valued at $420,880,000 after acquiring an additional 1,722,366 shares during the period. Commonwealth Equity Services LLC boosted its position in Capital Group Dividend Value ETF by 32.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 5,935,080 shares of the company’s stock worth $195,858,000 after purchasing an additional 1,457,036 shares in the last quarter. Finally, Raymond James & Associates grew its stake in shares of Capital Group Dividend Value ETF by 19.9% during the 3rd quarter. Raymond James & Associates now owns 6,654,717 shares of the company’s stock worth $242,498,000 after purchasing an additional 1,104,402 shares during the period.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV traded up $0.07 during trading hours on Friday, hitting $37.02. The stock had a trading volume of 1,083,929 shares, compared to its average volume of 1,608,184. The firm has a 50-day moving average price of $35.75 and a 200 day moving average price of $33.98. Capital Group Dividend Value ETF has a fifty-two week low of $25.47 and a fifty-two week high of $37.17. The firm has a market capitalization of $8.44 billion, a price-to-earnings 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.