Capital Group Dividend Value ETF (NYSEARCA:CGDV) Shares Acquired by Summit Global Investments

Summit Global Investments grew its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 7.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,777 shares of the company’s stock after purchasing an additional 1,396 shares during the quarter. Summit Global Investments’ holdings in Capital Group Dividend Value ETF were worth $697,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC acquired a new stake in shares of Capital Group Dividend Value ETF in the 4th quarter valued at about $47,000. PNC Financial Services Group Inc. acquired a new stake in shares of Capital Group Dividend Value ETF in the 4th quarter valued at about $55,000. Blue Trust Inc. raised its stake in shares of Capital Group Dividend Value ETF by 33.3% in the 4th quarter. Blue Trust Inc. now owns 1,600 shares of the company’s stock valued at $58,000 after purchasing an additional 400 shares in the last quarter. Oakworth Capital Inc. acquired a new stake in shares of Capital Group Dividend Value ETF in the 4th quarter valued at about $129,000. Finally, Westside Investment Management Inc. raised its stake in shares of Capital Group Dividend Value ETF by 1,595.7% in the 4th quarter. Westside Investment Management Inc. now owns 3,900 shares of the company’s stock valued at $138,000 after purchasing an additional 3,670 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of Capital Group Dividend Value ETF stock opened at $35.99 on Monday. The firm has a market cap of $14.26 billion, a PE ratio of 24.80 and a beta of 0.90. The firm’s 50-day simple moving average is $36.46 and its 200-day simple moving average is $36.28. Capital Group Dividend Value ETF has a 1 year low of $31.03 and a 1 year high of $37.38.

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.