Capital Group Dividend Value ETF (NYSEARCA:CGDV) Shares Bought by Summit Investment Advisory Services LLC

Summit Investment Advisory Services LLC lifted its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 4.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 921,074 shares of the company’s stock after purchasing an additional 35,778 shares during the quarter. Capital Group Dividend Value ETF accounts for approximately 16.7% of Summit Investment Advisory Services LLC’s portfolio, making the stock its largest holding. Summit Investment Advisory Services LLC’s holdings in Capital Group Dividend Value ETF were worth $32,477,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Hershey Financial Advisers LLC acquired a new stake in Capital Group Dividend Value ETF in the second quarter valued at approximately $36,000. Cassady Schiller Wealth Management LLC acquired a new stake in Capital Group Dividend Value ETF in the 3rd quarter valued at $83,000. Mather Group LLC. increased its holdings in Capital Group Dividend Value ETF by 36.7% in the 3rd quarter. Mather Group LLC. now owns 3,464 shares of the company’s stock worth $126,000 after acquiring an additional 930 shares in the last quarter. Westside Investment Management Inc. raised its position in Capital Group Dividend Value ETF by 1,595.7% during the fourth quarter. Westside Investment Management Inc. now owns 3,900 shares of the company’s stock worth $138,000 after acquiring an additional 3,670 shares during the period. Finally, Valley National Advisers Inc. lifted its holdings in Capital Group Dividend Value ETF by 503.2% during the third quarter. Valley National Advisers Inc. now owns 4,192 shares of the company’s stock valued at $151,000 after purchasing an additional 3,497 shares in the last quarter.

Capital Group Dividend Value ETF Stock Up 0.1 %

Shares of NYSEARCA CGDV opened at $36.64 on Friday. The firm has a market cap of $8.35 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92. The company’s 50-day simple moving average is $36.04 and its 200-day simple moving average is $35.69. Capital Group Dividend Value ETF has a 52-week low of $29.85 and a 52-week high of $37.17.

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.