Sei Investments Co. Raises Stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Sei Investments Co. raised its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 7.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 875,728 shares of the company’s stock after buying an additional 57,412 shares during the quarter. Sei Investments Co. owned about 0.38% of Capital Group Dividend Value ETF worth $30,878,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Venturi Wealth Management LLC bought a new stake in Capital Group Dividend Value ETF during the fourth quarter valued at approximately $47,000. PNC Financial Services Group Inc. bought a new stake in shares of Capital Group Dividend Value ETF during the 4th quarter worth $55,000. Blue Trust Inc. increased its stake in Capital Group Dividend Value ETF by 33.3% in the fourth quarter. Blue Trust Inc. now owns 1,600 shares of the company’s stock valued at $58,000 after acquiring an additional 400 shares during the last quarter. Oakworth Capital Inc. bought a new position in Capital Group Dividend Value ETF in the fourth quarter valued at $129,000. Finally, Westside Investment Management Inc. increased its stake in Capital Group Dividend Value ETF by 1,595.7% in the fourth quarter. Westside Investment Management Inc. now owns 3,900 shares of the company’s stock valued at $138,000 after acquiring an additional 3,670 shares during the last quarter.

Capital Group Dividend Value ETF Stock Up 0.2 %

Shares of CGDV stock opened at $36.54 on Wednesday. The firm has a market cap of $14.48 billion, a P/E ratio of 24.80 and a beta of 0.90. Capital Group Dividend Value ETF has a 12-month low of $31.03 and a 12-month high of $37.38. The business has a 50-day moving average price of $36.52 and a two-hundred day moving average price of $36.30.

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.