Stablepoint Partners LLC Invests $607,000 in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Stablepoint Partners LLC bought a new position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 17,031 shares of the company’s stock, valued at approximately $607,000.

Several other hedge funds have also added to or reduced their stakes in the company. Owen LaRue LLC grew its holdings in Capital Group Dividend Value ETF by 0.6% in the 4th quarter. Owen LaRue LLC now owns 48,940 shares of the company’s stock valued at $1,726,000 after buying an additional 292 shares in the last quarter. National Wealth Management Group LLC grew its stake in shares of Capital Group Dividend Value ETF by 2.1% in the fourth quarter. National Wealth Management Group LLC now owns 16,354 shares of the company’s stock valued at $577,000 after acquiring an additional 329 shares in the last quarter. 180 Wealth Advisors LLC grew its stake in shares of Capital Group Dividend Value ETF by 5.3% in the first quarter. 180 Wealth Advisors LLC now owns 7,348 shares of the company’s stock valued at $263,000 after acquiring an additional 371 shares in the last quarter. Blue Trust Inc. increased its position in 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 acquiring an additional 400 shares during the period. Finally, Carnegie Lake Advisors LLC raised its stake in Capital Group Dividend Value ETF by 7.3% in the 4th quarter. Carnegie Lake Advisors LLC now owns 6,142 shares of the company’s stock worth $217,000 after purchasing an additional 420 shares in the last quarter.

Capital Group Dividend Value ETF Stock Up 0.7%

NYSEARCA CGDV opened at $38.09 on Friday. The firm has a 50-day moving average price of $35.36 and a two-hundred day moving average price of $35.96. Capital Group Dividend Value ETF has a 12-month low of $30.94 and a 12-month high of $38.23. The company has a market capitalization of $17.20 billion, a P/E ratio of 26.38 and a beta of 0.90.

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 given a $0.1067 dividend. The ex-dividend date of this dividend 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.