Capital Group Dividend Value ETF (NYSEARCA:CGDV) Shares Bought by Royal Bank of Canada

Royal Bank of Canada raised its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV – Get Rating) by 229.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 459,291 shares of the company’s stock after acquiring an additional 319,800 shares during the quarter. Royal Bank of Canada owned approximately 1.17% of Capital Group Dividend Value ETF worth $9,379,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. OLD Mission Capital LLC raised its holdings in shares of Capital Group Dividend Value ETF by 173.0% in the third quarter. OLD Mission Capital LLC now owns 125,893 shares of the company’s stock worth $2,571,000 after acquiring an additional 79,771 shares during the last quarter. MML Investors Services LLC increased its stake in Capital Group Dividend Value ETF by 105.7% in the third quarter. MML Investors Services LLC now owns 445,295 shares of the company’s stock valued at $9,093,000 after purchasing an additional 228,772 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Capital Group Dividend Value ETF by 76.9% in the third quarter. Envestnet Asset Management Inc. now owns 561,739 shares of the company’s stock valued at $11,471,000 after purchasing an additional 244,253 shares during the last quarter. Sigma Planning Corp increased its stake in Capital Group Dividend Value ETF by 28.8% in the third quarter. Sigma Planning Corp now owns 40,208 shares of the company’s stock valued at $821,000 after purchasing an additional 8,991 shares during the last quarter. Finally, Souders Financial Advisors acquired a new position in Capital Group Dividend Value ETF in the third quarter valued at $4,254,000.

Capital Group Dividend Value ETF Trading Down 1.3 %

Capital Group Dividend Value ETF stock opened at $24.25 on Friday. The firm has a market capitalization of $1.60 billion, a P/E ratio of 17.83 and a beta of 0.87. The stock has a fifty day moving average price of $24.52 and a 200 day moving average price of $23.38. Capital Group Dividend Value ETF has a 52 week low of $20.41 and a 52 week high of $26.48.

Capital Group Dividend Value ETF Company Profile

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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.