Raymond James & Associates Has $151.78 Million Stock Position in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Raymond James & Associates boosted its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 13.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,670,048 shares of the company’s stock after acquiring an additional 545,619 shares during the quarter. Raymond James & Associates’ holdings in Capital Group Dividend Value ETF were worth $151,777,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Echo Wealth Management LLC purchased a new stake in shares of Capital Group Dividend Value ETF in the first quarter worth approximately $362,000. Everpar Advisors LLC lifted its position in Capital Group Dividend Value ETF by 83.3% in the 1st quarter. Everpar Advisors LLC now owns 31,248 shares of the company’s stock worth $1,016,000 after buying an additional 14,198 shares in the last quarter. Tempus Wealth Planning LLC boosted its stake in shares of Capital Group Dividend Value ETF by 80.2% during the 1st quarter. Tempus Wealth Planning LLC now owns 21,565 shares of the company’s stock valued at $701,000 after buying an additional 9,599 shares during the period. Core Wealth Partners LLC boosted its stake in shares of Capital Group Dividend Value ETF by 28.1% during the 1st quarter. Core Wealth Partners LLC now owns 14,885 shares of the company’s stock valued at $484,000 after buying an additional 3,266 shares during the period. Finally, Accel Wealth Management grew its holdings in shares of Capital Group Dividend Value ETF by 21.2% during the 1st quarter. Accel Wealth Management now owns 11,528 shares of the company’s stock valued at $375,000 after acquiring an additional 2,014 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA:CGDV traded up $0.23 during midday trading on Monday, hitting $32.34. 1,433,375 shares of the stock were exchanged, compared to its average volume of 1,481,716. The company has a market capitalization of $7.11 billion, a PE ratio of 21.74 and a beta of 0.91. Capital Group Dividend Value ETF has a 52-week low of $24.86 and a 52-week high of $32.74. The business’s fifty day simple moving average is $31.76 and its two-hundred day simple moving average is $29.76.

About Capital Group Dividend Value ETF

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.