Capital International Investors Sells 1,192,299 Shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Capital International Investors trimmed its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 5.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,296,528 shares of the company’s stock after selling 1,192,299 shares during the quarter. Capital International Investors owned 0.10% of Capital Group Dividend Value ETF worth $724,637,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners purchased a new position in shares of Capital Group Dividend Value ETF in the fourth quarter worth $26,000. Glassman Wealth Services purchased a new stake in shares of Capital Group Dividend Value ETF during the first quarter worth about $29,000. Transcendent Capital Group LLC purchased a new stake in shares of Capital Group Dividend Value ETF during the fourth quarter worth about $33,000. Signaturefd LLC purchased a new stake in shares of Capital Group Dividend Value ETF during the fourth quarter worth about $37,000. Finally, Russell Investments Group Ltd. purchased a new position in Capital Group Dividend Value ETF during the 1st quarter valued at approximately $42,000.

Capital Group Dividend Value ETF Stock Up 1.4 %

NYSEARCA CGDV traded up $0.47 during trading on Friday, hitting $34.58. 2,184,382 shares of the stock traded hands, compared to its average volume of 1,597,019. The company has a market capitalization of $7.88 billion, a P/E ratio of 22.38 and a beta of 0.92. The firm has a 50-day simple moving average of $33.36 and a 200-day simple moving average of $32.05. Capital Group Dividend Value ETF has a 12-month low of $25.47 and a 12-month high of $34.75.

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.