Advisory Services Network LLC Sells 18,946 Shares of Capital Group Dividend Value ETF $CGDV

Advisory Services Network LLC trimmed its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 13.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 121,075 shares of the company’s stock after selling 18,946 shares during the quarter. Advisory Services Network LLC’s holdings in Capital Group Dividend Value ETF were worth $4,914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. boosted its holdings in Capital Group Dividend Value ETF by 11.5% during the second quarter. Raymond James Financial Inc. now owns 19,353,624 shares of the company’s stock worth $764,275,000 after purchasing an additional 1,999,975 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Capital Group Dividend Value ETF by 9.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 16,720,692 shares of the company’s stock worth $660,300,000 after buying an additional 1,513,067 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Capital Group Dividend Value ETF by 10.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 15,328,061 shares of the company’s stock worth $605,305,000 after buying an additional 1,496,823 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Capital Group Dividend Value ETF by 23.1% in the 2nd quarter. Bank of America Corp DE now owns 13,179,947 shares of the company’s stock worth $520,476,000 after buying an additional 2,471,984 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Capital Group Dividend Value ETF by 17.1% in the second quarter. Cetera Investment Advisers now owns 11,850,016 shares of the company’s stock valued at $467,957,000 after acquiring an additional 1,730,269 shares in the last quarter.

Capital Group Dividend Value ETF Trading Up 0.2%

Shares of CGDV opened at $43.53 on Tuesday. The stock has a 50 day moving average of $42.83 and a 200 day moving average of $41.32. The company has a market capitalization of $24.56 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 12 month low of $30.94 and a 12 month high of $43.93.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were given a dividend of $0.1359 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.54 annualized dividend and a dividend yield of 1.2%. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13.

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.