UMB Bank n.a. Invests $85,000 in Capital Group Dividend Value ETF $CGDV

UMB Bank n.a. bought a new stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,151 shares of the company’s stock, valued at approximately $85,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CGDV. LPL Financial LLC boosted its position in Capital Group Dividend Value ETF by 34.0% in the 1st quarter. LPL Financial LLC now owns 29,452,035 shares of the company’s stock valued at $1,049,670,000 after buying an additional 7,468,408 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Capital Group Dividend Value ETF by 36.6% in the first quarter. Envestnet Asset Management Inc. now owns 15,207,625 shares of the company’s stock worth $542,000,000 after acquiring an additional 4,071,484 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in Capital Group Dividend Value ETF by 739.0% in the first quarter. D.A. Davidson & CO. now owns 3,241,910 shares of the company’s stock valued at $115,542,000 after purchasing an additional 2,855,493 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Capital Group Dividend Value ETF by 19.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 13,831,238 shares of the company’s stock valued at $492,945,000 after purchasing an additional 2,220,112 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in Capital Group Dividend Value ETF by 378.6% during the 1st quarter. HighTower Advisors LLC now owns 2,493,381 shares of the company’s stock worth $88,864,000 after purchasing an additional 1,972,404 shares during the last quarter.

Capital Group Dividend Value ETF Stock Down 0.8%

Shares of CGDV opened at $41.59 on Friday. The firm has a market cap of $20.41 billion, a price-to-earnings ratio of 26.59 and a beta of 0.91. The business’s 50 day moving average is $41.25 and its two-hundred day moving average is $38.26. Capital Group Dividend Value ETF has a 52-week low of $30.94 and a 52-week high of $42.32.

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.