Sovran Advisors LLC Invests $5.58 Million in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Sovran Advisors LLC acquired a new position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 158,458 shares of the company’s stock, valued at approximately $5,576,000. Capital Group Dividend Value ETF comprises about 0.8% of Sovran Advisors LLC’s investment portfolio, making the stock its 29th biggest position.

Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. boosted its holdings in shares of Capital Group Dividend Value ETF by 33.3% during the fourth quarter. Blue Trust Inc. now owns 1,600 shares of the company’s stock worth $58,000 after purchasing an additional 400 shares during the last quarter. Cassady Schiller Wealth Management LLC acquired a new stake in shares of Capital Group Dividend Value ETF during the third quarter worth $83,000. Oakworth Capital Inc. acquired a new stake in shares of Capital Group Dividend Value ETF during the fourth quarter worth $129,000. Westside Investment Management Inc. boosted its holdings in shares of 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 purchasing an additional 3,670 shares during the last quarter. Finally, Valley National Advisers Inc. boosted its holdings in shares of 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 worth $151,000 after purchasing an additional 3,497 shares during the last quarter.

Capital Group Dividend Value ETF Stock Up 0.6 %

CGDV stock opened at $37.13 on Tuesday. Capital Group Dividend Value ETF has a 52-week low of $29.86 and a 52-week high of $37.28. The stock’s fifty day simple moving average is $36.08 and its 200-day simple moving average is $35.91. The stock has a market capitalization of $8.46 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92.

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.