Gunpowder Capital Management LLC dba Oliver Wealth Management Invests $5.16 Million in Capital Group Dividend Value ETF $CGDV

Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 118,171 shares of the company’s stock, valued at approximately $5,157,000. Capital Group Dividend Value ETF makes up approximately 4.0% of Gunpowder Capital Management LLC dba Oliver Wealth Management’s portfolio, making the stock its 5th largest position.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Pflug Koory LLC bought a new position in Capital Group Dividend Value ETF in the 4th quarter valued at $25,000. Triumph Capital Management purchased a new stake in shares of Capital Group Dividend Value ETF during the 3rd quarter valued at $32,000. Bay Harbor Wealth Management LLC bought a new stake in shares of Capital Group Dividend Value ETF during the 4th quarter worth $32,000. Tucker Asset Management LLC bought a new stake in shares of Capital Group Dividend Value ETF during the 4th quarter worth $32,000. Finally, Flagship Wealth Advisors LLC purchased a new position in shares of Capital Group Dividend Value ETF in the 4th quarter worth about $32,000.

Capital Group Dividend Value ETF Stock Performance

CGDV opened at $48.99 on Friday. The firm has a market cap of $35.33 billion, a P/E ratio of 26.59 and a beta of 0.89. The firm has a 50-day moving average of $47.32 and a 200 day moving average of $45.26. Capital Group Dividend Value ETF has a fifty-two week low of $38.00 and a fifty-two week high of $49.43.

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.