J. Derek Lewis & Associates Inc. Purchases Shares of 719,370 Capital Group Dividend Value ETF $CGDV

J. Derek Lewis & Associates Inc. purchased a new stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the fourth quarter, Holdings Channel reports. The fund purchased 719,370 shares of the company’s stock, valued at approximately $31,393,000. Capital Group Dividend Value ETF comprises 7.4% of J. Derek Lewis & Associates Inc.’s portfolio, making the stock its 2nd largest position.

Several other large investors have also recently made changes to their positions in the stock. LPL Financial LLC grew its stake in shares of Capital Group Dividend Value ETF by 20.7% in the fourth quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock valued at $2,770,731,000 after buying an additional 10,904,954 shares in the last quarter. Axxcess Wealth Management LLC raised its holdings in shares of Capital Group Dividend Value ETF by 448.9% in the 4th quarter. Axxcess Wealth Management LLC now owns 3,520,015 shares of the company’s stock valued at $153,613,000 after buying an additional 2,878,723 shares during the period. Raymond James Financial Inc. raised its holdings in shares of Capital Group Dividend Value ETF by 14.3% in the 3rd quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock valued at $929,942,000 after buying an additional 2,772,053 shares during the period. Wells Fargo & Company MN lifted its stake in Capital Group Dividend Value ETF by 20.1% during the 4th quarter. Wells Fargo & Company MN now owns 16,311,223 shares of the company’s stock worth $711,822,000 after acquiring an additional 2,729,408 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Capital Group Dividend Value ETF by 20.4% during the 3rd quarter. Bank of America Corp DE now owns 15,868,443 shares of the company’s stock worth $666,951,000 after acquiring an additional 2,688,496 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of Capital Group Dividend Value ETF stock opened at $48.99 on Friday. The stock has a market capitalization of $35.33 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The business has a 50-day moving average of $47.32 and a 200 day moving average of $45.26. Capital Group Dividend Value ETF has a 12 month low of $38.00 and a 12 month high of $49.43.

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. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.