Ergawealth Advisors Inc. Grows Stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Ergawealth Advisors Inc. lifted its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 5.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 512,610 shares of the company’s stock after purchasing an additional 27,886 shares during the quarter. Capital Group Dividend Value ETF comprises 8.9% of Ergawealth Advisors Inc.’s investment portfolio, making the stock its 2nd biggest holding. Ergawealth Advisors Inc. owned approximately 0.22% of Capital Group Dividend Value ETF worth $18,075,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC bought a new position in shares of Capital Group Dividend Value ETF during the fourth quarter valued at $47,000. Blue Trust Inc. raised its stake in Capital Group Dividend Value ETF by 33.3% during 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 during the period. Cassady Schiller Wealth Management LLC bought a new stake in Capital Group Dividend Value ETF during the 3rd quarter valued at approximately $83,000. Oakworth Capital Inc. bought a new stake in Capital Group Dividend Value ETF during the 4th quarter valued at approximately $129,000. Finally, Westside Investment Management Inc. raised its stake in 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 valued at $138,000 after purchasing an additional 3,670 shares during the period.

Capital Group Dividend Value ETF Trading Down 0.7 %

Shares of CGDV opened at $36.54 on Friday. The business’s 50 day moving average is $36.29 and its 200 day moving average is $36.15. The company has a market capitalization of $8.33 billion, a PE ratio of 22.38 and a beta of 0.92. Capital Group Dividend Value ETF has a 12-month low of $30.95 and a 12-month high of $37.38.

About Capital Group Dividend Value ETF

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.