Capital Group Dividend Value ETF $CGDV is Summit Investment Advisory Services LLC’s Largest Position

Summit Investment Advisory Services LLC grew its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 3.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor 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 comprises approximately 16.6% of Summit Investment Advisory Services LLC’s portfolio, making the stock its biggest holding. Summit Investment Advisory Services LLC’s holdings in Capital Group Dividend Value ETF were worth $43,886,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Colonial River Investments LLC purchased a new position in shares of Capital Group Dividend Value ETF during the 4th quarter worth about $216,000. Beam Wealth Advisors Inc. boosted its stake in shares of Capital Group Dividend Value ETF by 10.5% during the 4th quarter. Beam Wealth Advisors Inc. now owns 15,057 shares of the company’s stock worth $657,000 after purchasing an additional 1,434 shares during the period. Osprey Private Wealth LLC purchased a new position in shares of Capital Group Dividend Value ETF during the 4th quarter worth about $386,000. Nwam LLC boosted its stake in shares of Capital Group Dividend Value ETF by 8.0% during the 4th quarter. Nwam LLC now owns 33,453 shares of the company’s stock worth $1,492,000 after purchasing an additional 2,470 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in shares of Capital Group Dividend Value ETF by 188.3% during the 4th quarter. International Assets Investment Management LLC now owns 81,637 shares of the company’s stock worth $3,563,000 after purchasing an additional 53,316 shares during the period.

Capital Group Dividend Value ETF Stock Performance

CGDV stock opened at $47.25 on Monday. Capital Group Dividend Value ETF has a 12 month low of $35.40 and a 12 month high of $47.51. The company has a 50-day moving average price of $44.53 and a 200 day moving average price of $44.11. The stock has a market cap of $34.08 billion, a PE ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF 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.