Carnegie Lake Advisors LLC Purchases 420 Shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Carnegie Lake Advisors LLC lifted its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,142 shares of the company’s stock after acquiring an additional 420 shares during the period. Carnegie Lake Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $217,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in CGDV. LPL Financial LLC lifted its stake in Capital Group Dividend Value ETF by 26.8% during the 3rd quarter. LPL Financial LLC now owns 16,169,046 shares of the company’s stock valued at $589,200,000 after acquiring an additional 3,415,106 shares during the period. Advance Capital Management Inc. raised its holdings in shares of Capital Group Dividend Value ETF by 0.4% during the fourth quarter. Advance Capital Management Inc. now owns 10,826,570 shares of the company’s stock valued at $381,745,000 after purchasing an additional 40,491 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Capital Group Dividend Value ETF by 18.9% during the third quarter. Commonwealth Equity Services LLC now owns 7,056,545 shares of the company’s stock valued at $257,140,000 after purchasing an additional 1,121,465 shares during the period. Raymond James & Associates lifted its position in Capital Group Dividend Value ETF by 19.9% during the third quarter. Raymond James & Associates now owns 6,654,717 shares of the company’s stock valued at $242,498,000 after purchasing an additional 1,104,402 shares during the period. Finally, Confluence Wealth Services Inc. boosted its holdings in Capital Group Dividend Value ETF by 9.0% in the fourth quarter. Confluence Wealth Services Inc. now owns 4,708,770 shares of the company’s stock worth $172,341,000 after purchasing an additional 388,981 shares during the last quarter.

Capital Group Dividend Value ETF Trading Up 0.6 %

Shares of CGDV opened at $37.13 on Tuesday. The firm has a fifty day simple moving average of $36.08 and a two-hundred day simple moving average of $35.91. The firm has a market cap of $8.46 billion, a PE ratio of 22.38 and a beta of 0.92. Capital Group Dividend Value ETF has a 1-year low of $29.86 and a 1-year high of $37.28.

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.