Hunter Associates Investment Management LLC Has $10.06 Million Stake in Capital Group Dividend Value ETF $CGDV

Hunter Associates Investment Management LLC raised its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 16.7% in the fourth quarter, Holdings Channel reports. The fund owned 230,696 shares of the company’s stock after acquiring an additional 32,971 shares during the period. Capital Group Dividend Value ETF accounts for about 1.3% of Hunter Associates Investment Management LLC’s portfolio, making the stock its 15th biggest position. Hunter Associates Investment Management LLC’s holdings in Capital Group Dividend Value ETF were worth $10,060,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. AQR Capital Management LLC acquired a new position in shares of Capital Group Dividend Value ETF during the first quarter worth about $236,000. Franklin Resources Inc. acquired a new position in shares of Capital Group Dividend Value ETF during the second quarter worth about $226,000. Russell Investments Group Ltd. boosted its position in shares of Capital Group Dividend Value ETF by 24.9% during the second quarter. Russell Investments Group Ltd. now owns 4,638 shares of the company’s stock worth $183,000 after buying an additional 925 shares during the period. Brown Advisory Inc. boosted its position in shares of Capital Group Dividend Value ETF by 22.7% during the second quarter. Brown Advisory Inc. now owns 22,270 shares of the company’s stock worth $879,000 after buying an additional 4,118 shares during the period. Finally, Menora Mivtachim Holdings LTD. boosted its position in shares of Capital Group Dividend Value ETF by 53.1% during the second quarter. Menora Mivtachim Holdings LTD. now owns 298,484 shares of the company’s stock worth $11,787,000 after buying an additional 103,493 shares during the period.

Capital Group Dividend Value ETF Price Performance

CGDV stock opened at $43.11 on Wednesday. The stock has a market capitalization of $29.26 billion, a P/E ratio of 26.59 and a beta of 0.90. The business has a 50-day moving average of $44.32 and a 200-day moving average of $43.57. Capital Group Dividend Value ETF has a fifty-two week low of $31.50 and a fifty-two week high of $46.01.

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.