Summit Investment Advisory Services LLC reduced its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV – Free Report) by 1.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 989,127 shares of the company’s stock after selling 16,514 shares during the quarter. Capital Group Dividend Value ETF makes up approximately 15.6% of Summit Investment Advisory Services LLC’s holdings, making the stock its largest holding. Summit Investment Advisory Services LLC’s holdings in Capital Group Dividend Value ETF were worth $42,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. LPL Financial LLC boosted its holdings in Capital Group Dividend Value ETF by 20.7% in the fourth quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock worth $2,770,731,000 after acquiring an additional 10,904,954 shares in the last quarter. Axxcess Wealth Management LLC grew its stake in shares of Capital Group Dividend Value ETF by 448.9% during the fourth quarter. Axxcess Wealth Management LLC now owns 3,520,015 shares of the company’s stock worth $153,613,000 after acquiring an additional 2,878,723 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of Capital Group Dividend Value ETF by 14.3% during the third quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock valued at $929,942,000 after acquiring an additional 2,772,053 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Capital Group Dividend Value ETF by 20.1% during the fourth quarter. Wells Fargo & Company MN now owns 16,311,223 shares of the company’s stock valued at $711,822,000 after acquiring an additional 2,729,408 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Capital Group Dividend Value ETF by 20.4% in the 3rd quarter. Bank of America Corp DE now owns 15,868,443 shares of the company’s stock valued at $666,951,000 after purchasing an additional 2,688,496 shares during the last quarter.
Capital Group Dividend Value ETF Stock Up 0.0%
Shares of Capital Group Dividend Value ETF stock opened at $49.28 on Wednesday. The company has a 50 day moving average price of $47.82 and a 200 day moving average price of $45.53. The firm has a market capitalization of $35.54 billion, a P/E ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 52 week low of $39.44 and a 52 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.
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Want to see what other hedge funds are holding CGDV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital Group Dividend Value ETF (NYSEARCA:CGDV – Free Report).
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