Summit Investment Advisory Services LLC Increases Position in Capital Group Dividend Value ETF $CGDV

Summit Investment Advisory Services LLC raised its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,005,641 shares of the company’s stock after acquiring an additional 34,309 shares during the period. Capital Group Dividend Value ETF makes up 16.6% of Summit Investment Advisory Services LLC’s portfolio, making the stock its largest holding. Summit Investment Advisory Services LLC owned approximately 0.16% of Capital Group Dividend Value ETF worth $43,886,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of CGDV. Raymond James Financial Inc. increased its holdings in 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 acquiring an additional 2,772,053 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Capital Group Dividend Value ETF by 20.4% in the 3rd quarter. Bank of America Corp DE now owns 15,868,443 shares of the company’s stock worth $666,951,000 after buying an additional 2,688,496 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Capital Group Dividend Value ETF by 39.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 7,854,486 shares of the company’s stock worth $328,634,000 after buying an additional 2,208,093 shares in the last quarter. Mainstay Capital Management LLC ADV purchased a new position in shares of Capital Group Dividend Value ETF in the 3rd quarter worth $70,987,000. Finally, Merit Financial Group LLC grew its stake in shares of Capital Group Dividend Value ETF by 465.5% in the 3rd quarter. Merit Financial Group LLC now owns 1,690,161 shares of the company’s stock worth $71,037,000 after buying an additional 1,391,257 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA:CGDV opened at $47.25 on Monday. Capital Group Dividend Value ETF has a 52 week low of $35.40 and a 52 week high of $47.51. The stock has a market capitalization of $34.08 billion, a P/E ratio of 26.59 and a beta of 0.89. The firm has a fifty day simple moving average of $44.53 and a two-hundred day simple moving average of $44.11.

Capital Group Dividend Value ETF Company 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.