Convergence Financial LLC Raises Stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Convergence Financial LLC boosted its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 211.0% in the 4th quarter, HoldingsChannel reports. The fund owned 21,601 shares of the company’s stock after acquiring an additional 14,655 shares during the period. Convergence Financial LLC’s holdings in Capital Group Dividend Value ETF were worth $762,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Venturi Wealth Management LLC purchased a new position in shares of Capital Group Dividend Value ETF during the fourth quarter worth about $47,000. Blue Trust Inc. boosted its position in shares of Capital Group Dividend Value ETF by 33.3% in the 4th quarter. Blue Trust Inc. now owns 1,600 shares of the company’s stock valued at $58,000 after purchasing an additional 400 shares during the period. Cassady Schiller Wealth Management LLC purchased a new position in Capital Group Dividend Value ETF during the 3rd quarter worth approximately $83,000. Oakworth Capital Inc. acquired a new position in Capital Group Dividend Value ETF during the fourth quarter worth approximately $129,000. Finally, Westside Investment Management Inc. lifted 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 buying an additional 3,670 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA:CGDV opened at $36.80 on Thursday. Capital Group Dividend Value ETF has a 1-year low of $30.95 and a 1-year high of $37.38. The stock has a market cap of $8.39 billion, a P/E ratio of 22.38 and a beta of 0.92. The firm has a fifty day moving average price of $36.26 and a 200 day moving average price of $36.15.

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.