Beacon Financial Advisory LLC Buys 126,080 Shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Beacon Financial Advisory LLC lifted its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 62.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 326,772 shares of the company’s stock after purchasing an additional 126,080 shares during the period. Capital Group Dividend Value ETF makes up about 3.7% of Beacon Financial Advisory LLC’s holdings, making the stock its 2nd largest holding. Beacon Financial Advisory LLC’s holdings in Capital Group Dividend Value ETF were worth $11,522,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Northwest Financial Advisors lifted its holdings in shares of Capital Group Dividend Value ETF by 35.7% during the fourth quarter. Northwest Financial Advisors now owns 35,037 shares of the company’s stock worth $1,235,000 after buying an additional 9,227 shares during the last quarter. Creative Planning increased its position in Capital Group Dividend Value ETF by 36.9% during the third quarter. Creative Planning now owns 28,271 shares of the company’s stock worth $1,030,000 after acquiring an additional 7,618 shares during the period. Prospect Financial Services LLC acquired a new position in Capital Group Dividend Value ETF during the 3rd quarter valued at $248,000. PFG Advisors boosted its holdings in Capital Group Dividend Value ETF by 13.5% in the 3rd quarter. PFG Advisors now owns 75,993 shares of the company’s stock valued at $2,769,000 after purchasing an additional 9,056 shares during the period. Finally, Armstrong Fleming & Moore Inc grew its position in Capital Group Dividend Value ETF by 23.1% in the 3rd quarter. Armstrong Fleming & Moore Inc now owns 116,198 shares of the company’s stock worth $4,234,000 after purchasing an additional 21,827 shares during the last quarter.

Capital Group Dividend Value ETF Stock Performance

NYSEARCA:CGDV opened at $36.90 on Thursday. The firm’s 50-day moving average is $36.08 and its 200-day moving average is $35.83. Capital Group Dividend Value ETF has a 52-week low of $29.86 and a 52-week high of $37.17. The company has a market cap of $8.41 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92.

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.