Capital Group Dividend Value ETF (NYSEARCA:CGDV) is Ergawealth Advisors Inc.’s 4th Largest Position

Ergawealth Advisors Inc. lowered its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 4.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 501,365 shares of the company’s stock after selling 24,956 shares during the quarter. Capital Group Dividend Value ETF comprises approximately 9.2% of Ergawealth Advisors Inc.’s portfolio, making the stock its 4th largest holding. Ergawealth Advisors Inc.’s holdings in Capital Group Dividend Value ETF were worth $14,961,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of CGDV. Octavia Wealth Advisors LLC purchased a new position in shares of Capital Group Dividend Value ETF during the 4th quarter valued at approximately $318,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in Capital Group Dividend Value ETF by 358.1% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 465,302 shares of the company’s stock worth $13,885,000 after purchasing an additional 363,736 shares during the last quarter. Carnegie Capital Asset Management LLC boosted its holdings in Capital Group Dividend Value ETF by 4.8% in the fourth quarter. Carnegie Capital Asset Management LLC now owns 50,914 shares of the company’s stock worth $1,519,000 after purchasing an additional 2,318 shares during the period. Simplicity Solutions LLC increased its stake in Capital Group Dividend Value ETF by 18.0% during the fourth quarter. Simplicity Solutions LLC now owns 88,128 shares of the company’s stock valued at $2,630,000 after purchasing an additional 13,428 shares during the last quarter. Finally, Saxony Capital Management LLC acquired a new stake in shares of Capital Group Dividend Value ETF during the fourth quarter worth $206,000.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA CGDV traded up $0.02 during midday trading on Tuesday, hitting $31.52. The company’s stock had a trading volume of 1,259,682 shares, compared to its average volume of 1,444,473. The firm has a market cap of $3.16 billion, a P/E ratio of 17.83 and a beta of 0.91. Capital Group Dividend Value ETF has a 1-year low of $24.86 and a 1-year high of $32.74. The firm’s fifty day moving average price is $31.51 and its 200-day moving average price is $29.39.

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.