Royal Bank of Canada Boosts Position in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Royal Bank of Canada grew its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDVGet Rating) by 229.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 459,291 shares of the company’s stock after purchasing an additional 319,800 shares during the quarter. Royal Bank of Canada owned approximately 1.17% of Capital Group Dividend Value ETF worth $9,379,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Advisor Group Holdings Inc. increased its holdings in shares of Capital Group Dividend Value ETF by 1,610.6% during the 2nd quarter. Advisor Group Holdings Inc. now owns 502,024 shares of the company’s stock valued at $11,207,000 after purchasing an additional 472,677 shares in the last quarter. D.A. Davidson & CO. increased its holdings in shares of Capital Group Dividend Value ETF by 86.8% during the 3rd quarter. D.A. Davidson & CO. now owns 71,534 shares of the company’s stock valued at $1,461,000 after purchasing an additional 33,238 shares in the last quarter. Koshinski Asset Management Inc. increased its holdings in shares of Capital Group Dividend Value ETF by 62.9% during the 3rd quarter. Koshinski Asset Management Inc. now owns 16,875 shares of the company’s stock valued at $345,000 after purchasing an additional 6,516 shares in the last quarter. UBS Group AG purchased a new position in shares of Capital Group Dividend Value ETF during the 2nd quarter valued at approximately $6,033,000. Finally, Kestra Advisory Services LLC increased its holdings in shares of Capital Group Dividend Value ETF by 29.7% during the 3rd quarter. Kestra Advisory Services LLC now owns 494,991 shares of the company’s stock valued at $10,108,000 after purchasing an additional 113,402 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

NYSEARCA:CGDV opened at $24.25 on Friday. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 17.83 and a beta of 0.87. The company has a 50 day moving average price of $24.52 and a 200-day moving average price of $23.38. Capital Group Dividend Value ETF has a 1-year low of $20.41 and a 1-year high of $26.48.

Capital Group Dividend Value ETF Profile

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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.

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Institutional Ownership by Quarter for Capital Group Dividend Value ETF (NYSEARCA:CGDV)

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