Acorn Financial Advisory Services Inc. ADV Has $358,000 Stock Position in Capital Group Dividend Value ETF $CGDV

Acorn Financial Advisory Services Inc. ADV raised its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 23.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 9,076 shares of the company’s stock after acquiring an additional 1,724 shares during the period. Acorn Financial Advisory Services Inc. ADV’s holdings in Capital Group Dividend Value ETF were worth $358,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CGDV. LPL Financial LLC grew its stake in Capital Group Dividend Value ETF by 34.0% in the first quarter. LPL Financial LLC now owns 29,452,035 shares of the company’s stock valued at $1,049,670,000 after acquiring an additional 7,468,408 shares during the period. Envestnet Asset Management Inc. grew its stake in 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 valued at $542,000,000 after acquiring an additional 4,071,484 shares during the period. D.A. Davidson & CO. grew its stake 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 acquiring an additional 2,855,493 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Capital Group Dividend Value ETF by 19.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 13,831,238 shares of the company’s stock valued at $492,945,000 after acquiring an additional 2,220,112 shares during the period. Finally, HighTower Advisors LLC grew its stake in Capital Group Dividend Value ETF by 378.6% in the first quarter. HighTower Advisors LLC now owns 2,493,381 shares of the company’s stock valued at $88,864,000 after acquiring an additional 1,972,404 shares during the period.

Capital Group Dividend Value ETF Stock Performance

Shares of Capital Group Dividend Value ETF stock opened at $41.83 on Tuesday. Capital Group Dividend Value ETF has a 52 week low of $30.94 and a 52 week high of $42.66. The stock has a 50 day moving average price of $41.57 and a two-hundred day moving average price of $38.81. The stock has a market capitalization of $22.66 billion, a PE ratio of 26.59 and a beta of 0.91.

Capital Group Dividend Value ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 30th were paid a $0.1359 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 1.3%. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Tuesday, September 30th.

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.