Carnegie Lake Advisors LLC Has $253,000 Stock Position in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Carnegie Lake Advisors LLC increased its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 15.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 7,092 shares of the company’s stock after purchasing an additional 950 shares during the quarter. Carnegie Lake Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $253,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Private Advisor Group LLC increased its stake in Capital Group Dividend Value ETF by 31.4% during the 1st quarter. Private Advisor Group LLC now owns 1,946,593 shares of the company’s stock valued at $69,377,000 after purchasing an additional 465,503 shares in the last quarter. Carson Advisory Inc. grew its holdings in shares of Capital Group Dividend Value ETF by 15.8% during the first quarter. Carson Advisory Inc. now owns 73,675 shares of the company’s stock valued at $2,626,000 after buying an additional 10,052 shares during the last quarter. Midwest Heritage Bank FSB increased its position in shares of Capital Group Dividend Value ETF by 22.8% during the first quarter. Midwest Heritage Bank FSB now owns 627,338 shares of the company’s stock worth $22,358,000 after acquiring an additional 116,381 shares in the last quarter. Acas LLC raised its holdings in shares of Capital Group Dividend Value ETF by 9.8% in the 1st quarter. Acas LLC now owns 271,549 shares of the company’s stock worth $9,548,000 after acquiring an additional 24,218 shares during the last quarter. Finally, Fortis Group Advisors LLC lifted its position in Capital Group Dividend Value ETF by 47.2% in the 1st quarter. Fortis Group Advisors LLC now owns 52,300 shares of the company’s stock valued at $1,864,000 after acquiring an additional 16,780 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA CGDV opened at $40.63 on Friday. Capital Group Dividend Value ETF has a fifty-two week low of $30.94 and a fifty-two week high of $40.85. The stock has a market cap of $19.58 billion, a price-to-earnings ratio of 26.59 and a beta of 0.91. The firm’s 50-day simple moving average is $38.49 and its 200 day simple moving average is $36.62.

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.