13,120 Shares in Capital Group Dividend Value ETF (NYSEARCA:CGDV) Bought by McNamara Financial Services Inc.

McNamara Financial Services Inc. bought a new stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the 1st quarter, Holdings Channel.com reports. The institutional investor bought 13,120 shares of the company’s stock, valued at approximately $468,000.

A number of other institutional investors have also recently made changes to their positions in CGDV. Venturi Wealth Management LLC purchased a new stake in shares of Capital Group Dividend Value ETF in the fourth quarter worth approximately $47,000. PNC Financial Services Group Inc. purchased a new stake in Capital Group Dividend Value ETF in the fourth quarter worth $55,000. Blue Trust Inc. lifted its position in shares of Capital Group Dividend Value ETF by 33.3% during the fourth quarter. Blue Trust Inc. now owns 1,600 shares of the company’s stock worth $58,000 after purchasing an additional 400 shares during the last quarter. Colonial Trust Co SC bought a new position in shares of Capital Group Dividend Value ETF in the fourth quarter worth about $87,000. Finally, Oakworth Capital Inc. purchased a new position in Capital Group Dividend Value ETF in the 4th quarter worth about $129,000.

Capital Group Dividend Value ETF Price Performance

Shares of CGDV stock opened at $37.84 on Friday. The company has a market capitalization of $17.09 billion, a P/E ratio of 26.38 and a beta of 0.90. The company’s 50-day simple moving average is $35.31 and its two-hundred day simple moving average is $35.95. Capital Group Dividend Value ETF has a one year low of $30.94 and a one year high of $38.18.

Capital Group Dividend Value ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 31st were issued a $0.1067 dividend. The ex-dividend date was Monday, March 31st.

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.