Ridgeline Wealth Planning LLC Acquires Shares of 232,837 Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Ridgeline Wealth Planning LLC bought a new position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 232,837 shares of the company’s stock, valued at approximately $8,210,000. Capital Group Dividend Value ETF makes up 7.9% of Ridgeline Wealth Planning LLC’s holdings, making the stock its 4th largest position. Ridgeline Wealth Planning LLC owned about 0.10% of Capital Group Dividend Value ETF at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CGDV. Blue Trust Inc. boosted its holdings in 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 buying an additional 400 shares in the last quarter. Cassady Schiller Wealth Management LLC acquired a new stake in shares of Capital Group Dividend Value ETF during the 3rd quarter valued at approximately $83,000. Oakworth Capital Inc. acquired a new stake in shares of Capital Group Dividend Value ETF during the 4th quarter valued at approximately $129,000. Westside Investment Management Inc. boosted its stake in shares of Capital Group Dividend Value ETF by 1,595.7% during the 4th 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 in the last quarter. Finally, Valley National Advisers Inc. grew its holdings in shares of Capital Group Dividend Value ETF by 503.2% in the 3rd quarter. Valley National Advisers Inc. now owns 4,192 shares of the company’s stock worth $151,000 after acquiring an additional 3,497 shares during the period.

Capital Group Dividend Value ETF Price Performance

NYSEARCA CGDV opened at $37.24 on Wednesday. The business has a 50 day moving average price of $36.09 and a 200 day moving average price of $35.93. The company has a market capitalization of $8.49 billion, a P/E ratio of 22.38 and a beta of 0.92. Capital Group Dividend Value ETF has a 1-year low of $29.86 and a 1-year high of $37.28.

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.