Golden State Wealth Management LLC Acquires Shares of 890 Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Golden State Wealth Management LLC acquired a new stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 890 shares of the company’s stock, valued at approximately $32,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CGDV. LPL Financial LLC increased its holdings in Capital Group Dividend Value ETF by 36.0% in the fourth quarter. LPL Financial LLC now owns 21,983,627 shares of the company’s stock valued at $775,143,000 after buying an additional 5,814,581 shares in the last quarter. Cetera Investment Advisers increased its holdings in Capital Group Dividend Value ETF by 42.2% in the fourth quarter. Cetera Investment Advisers now owns 8,447,056 shares of the company’s stock valued at $297,843,000 after buying an additional 2,508,825 shares in the last quarter. Advance Capital Management Inc. increased its holdings in Capital Group Dividend Value ETF by 17.7% in the first quarter. Advance Capital Management Inc. now owns 12,746,076 shares of the company’s stock valued at $454,270,000 after buying an additional 1,919,506 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Capital Group Dividend Value ETF by 13.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 11,136,141 shares of the company’s stock valued at $392,660,000 after buying an additional 1,336,256 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in Capital Group Dividend Value ETF by 14.7% in the fourth quarter. Bank of America Corp DE now owns 8,456,340 shares of the company’s stock valued at $298,171,000 after buying an additional 1,083,233 shares in the last quarter.

Capital Group Dividend Value ETF Stock Up 0.8%

CGDV stock opened at $40.18 on Monday. The stock has a market capitalization of $19.01 billion, a P/E ratio of 26.59 and a beta of 0.91. The firm has a 50-day simple moving average of $37.45 and a 200-day simple moving average of $36.29. Capital Group Dividend Value ETF has a 52 week low of $30.94 and a 52 week high of $40.22.

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.