Brown Miller Wealth Management LLC Purchases New Shares in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Brown Miller Wealth Management LLC bought a new stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,955 shares of the company’s stock, valued at approximately $208,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its stake in shares of Capital Group Dividend Value ETF by 143.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 5,507,402 shares of the company’s stock worth $145,781,000 after acquiring an additional 3,242,240 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Capital Group Dividend Value ETF by 60.8% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 5,897,840 shares of the company’s stock worth $156,116,000 after purchasing an additional 2,230,114 shares in the last quarter. MML Investors Services LLC lifted its position in shares of Capital Group Dividend Value ETF by 187.0% in the second quarter. MML Investors Services LLC now owns 1,834,622 shares of the company’s stock valued at $49,608,000 after acquiring an additional 1,195,298 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Capital Group Dividend Value ETF by 20.6% in the third quarter. LPL Financial LLC now owns 6,795,375 shares of the company’s stock valued at $179,874,000 after purchasing an additional 1,161,371 shares during the last quarter. Finally, Capital International Investors acquired a new stake in Capital Group Dividend Value ETF during the first quarter worth $24,214,000.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA CGDV traded down $0.07 during trading on Thursday, reaching $32.51. The stock had a trading volume of 3,053,310 shares, compared to its average volume of 1,428,813. Capital Group Dividend Value ETF has a fifty-two week low of $24.51 and a fifty-two week high of $32.60. The business’s 50-day moving average price is $31.00 and its 200-day moving average price is $28.92. The company has a market cap of $3.25 billion, a P/E ratio of 17.83 and a beta of 0.91.

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.