Sovran Advisors LLC Invests $5.58 Million in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Sovran Advisors LLC acquired a new stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 158,458 shares of the company’s stock, valued at approximately $5,576,000. Capital Group Dividend Value ETF makes up 0.8% of Sovran Advisors LLC’s investment portfolio, making the stock its 29th largest position. Sovran Advisors LLC owned about 0.07% of Capital Group Dividend Value ETF as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CGDV. Thurston Springer Miller Herd & Titak Inc. increased its stake in Capital Group Dividend Value ETF by 7.3% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,475 shares of the company’s stock valued at $163,000 after purchasing an additional 304 shares in the last quarter. Procyon Advisors LLC increased its position in Capital Group Dividend Value ETF by 5.3% during the third quarter. Procyon Advisors LLC now owns 354,309 shares of the company’s stock worth $12,911,000 after buying an additional 17,878 shares in 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 buying an additional 7,618 shares in the last quarter. NBC Securities Inc. increased its position in Capital Group Dividend Value ETF by 24.6% during the third quarter. NBC Securities Inc. now owns 48,278 shares of the company’s stock worth $1,759,000 after buying an additional 9,535 shares in the last quarter. Finally, First Pacific Financial increased its position in Capital Group Dividend Value ETF by 15.2% during the third quarter. First Pacific Financial now owns 37,058 shares of the company’s stock worth $1,350,000 after buying an additional 4,886 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

Capital Group Dividend Value ETF stock opened at $37.13 on Tuesday. The stock has a fifty day moving average of $36.08 and a two-hundred day moving average of $35.91. The company has a market capitalization of $8.46 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92. Capital Group Dividend Value ETF has a fifty-two week low of $29.86 and a fifty-two week high of $37.28.

Capital Group Dividend Value ETF Company 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.