Dechtman Wealth Management LLC Sells 41,443 Shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Dechtman Wealth Management LLC cut its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 2.4% in the third quarter, HoldingsChannel reports. The fund owned 1,703,723 shares of the company’s stock after selling 41,443 shares during the period. Capital Group Dividend Value ETF accounts for approximately 12.7% of Dechtman Wealth Management LLC’s investment portfolio, making the stock its 3rd largest holding. Dechtman Wealth Management LLC’s holdings in Capital Group Dividend Value ETF were worth $62,084,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Advance Capital Management Inc. acquired a new stake in shares of Capital Group Dividend Value ETF during the 2nd quarter valued at about $300,292,000. Cetera Investment Advisers boosted its position in Capital Group Dividend Value ETF by 256.8% during the first quarter. Cetera Investment Advisers now owns 4,319,438 shares of the company’s stock worth $140,382,000 after purchasing an additional 3,108,678 shares in the last quarter. LPL Financial LLC boosted its position in Capital Group Dividend Value ETF by 15.6% during the second quarter. LPL Financial LLC now owns 12,753,940 shares of the company’s stock worth $420,880,000 after purchasing an additional 1,722,366 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in Capital Group Dividend Value ETF by 32.5% in the second quarter. Commonwealth Equity Services LLC now owns 5,935,080 shares of the company’s stock valued at $195,858,000 after purchasing an additional 1,457,036 shares during the period. Finally, Raymond James & Associates increased its position in shares of Capital Group Dividend Value ETF by 19.9% in the third quarter. Raymond James & Associates now owns 6,654,717 shares of the company’s stock valued at $242,498,000 after buying an additional 1,104,402 shares in the last quarter.

Capital Group Dividend Value ETF Stock Up 1.6 %

Shares of CGDV stock traded up $0.58 during trading hours on Wednesday, hitting $36.65. 718,305 shares of the company’s stock were exchanged, compared to its average volume of 1,596,698. Capital Group Dividend Value ETF has a fifty-two week low of $26.71 and a fifty-two week high of $37.17. The firm has a market cap of $8.35 billion, a P/E ratio of 22.38 and a beta of 0.92. The firm has a 50 day moving average of $36.09 and a two-hundred day moving average of $34.36.

Capital Group Dividend Value ETF 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.