CFS Investment Advisory Services LLC Raises Position in Capital Group Dividend Value ETF $CGDV

CFS Investment Advisory Services LLC raised its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 14.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 236,806 shares of the company’s stock after acquiring an additional 30,553 shares during the quarter. CFS Investment Advisory Services LLC’s holdings in Capital Group Dividend Value ETF were worth $10,334,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Pflug Koory LLC purchased a new position in shares of Capital Group Dividend Value ETF in the fourth quarter valued at approximately $25,000. Triumph Capital Management purchased a new stake in shares of Capital Group Dividend Value ETF during the third quarter worth approximately $32,000. Bay Harbor Wealth Management LLC acquired a new position in Capital Group Dividend Value ETF in the 4th quarter valued at $32,000. Tucker Asset Management LLC acquired a new position in Capital Group Dividend Value ETF in the 4th quarter valued at $32,000. Finally, CoreCap Advisors LLC lifted its holdings in Capital Group Dividend Value ETF by 93.8% in the 4th quarter. CoreCap Advisors LLC now owns 849 shares of the company’s stock valued at $37,000 after purchasing an additional 411 shares in the last quarter.

Capital Group Dividend Value ETF Stock Up 0.3%

Shares of CGDV opened at $48.41 on Friday. Capital Group Dividend Value ETF has a 52-week low of $36.72 and a 52-week high of $48.50. The stock has a market cap of $34.91 billion, a PE ratio of 26.59 and a beta of 0.89. The firm’s fifty day moving average is $45.48 and its two-hundred day moving average is $44.65.

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