Beacon Investment Advisory Services Inc. Acquires New Shares in Capital Group Dividend Value ETF $CGDV

Beacon Investment Advisory Services Inc. purchased a new stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the second quarter, according to its most recent filing with the SEC. The firm purchased 5,854 shares of the company’s stock, valued at approximately $231,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in shares of Capital Group Dividend Value ETF during the 1st quarter valued at about $32,000. Bank of New York Mellon Corp acquired a new stake in shares of Capital Group Dividend Value ETF in the 1st quarter valued at approximately $42,545,000. Per Stirling Capital Management LLC. grew its position in shares of Capital Group Dividend Value ETF by 1.1% in the 1st quarter. Per Stirling Capital Management LLC. now owns 57,742 shares of the company’s stock valued at $2,058,000 after acquiring an additional 644 shares during the period. Fifth Third Bancorp acquired a new position in Capital Group Dividend Value ETF during the first quarter worth approximately $37,000. Finally, Brown Advisory Inc. raised its stake in Capital Group Dividend Value ETF by 153.4% in the 1st quarter. Brown Advisory Inc. now owns 18,152 shares of the company’s stock valued at $647,000 after acquiring an additional 10,989 shares during the period.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV stock opened at $41.59 on Friday. Capital Group Dividend Value ETF has a 52 week low of $30.94 and a 52 week high of $42.32. The company has a market capitalization of $20.41 billion, a price-to-earnings ratio of 26.59 and a beta of 0.91. The company has a 50-day simple moving average of $41.25 and a 200 day simple moving average of $38.26.

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.