J. Derek Lewis & Associates Inc. Takes Position in Capital Group Dividend Value ETF $CGDV

J. Derek Lewis & Associates Inc. purchased a new position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 719,370 shares of the company’s stock, valued at approximately $31,393,000. Capital Group Dividend Value ETF comprises about 7.4% of J. Derek Lewis & Associates Inc.’s holdings, making the stock its 2nd largest holding. J. Derek Lewis & Associates Inc. owned approximately 0.11% of Capital Group Dividend Value ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in CGDV. Carter Financial LLC acquired a new position in Capital Group Dividend Value ETF in the fourth quarter valued at approximately $15,874,000. Rockefeller Capital Management L.P. increased its stake in Capital Group Dividend Value ETF by 74.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 860,383 shares of the company’s stock worth $37,547,000 after acquiring an additional 367,119 shares during the last quarter. World Investment Advisors increased its stake in Capital Group Dividend Value ETF by 2.9% during the fourth quarter. World Investment Advisors now owns 288,137 shares of the company’s stock worth $12,574,000 after acquiring an additional 8,057 shares during the last quarter. Advisortrust Partners LLC acquired a new stake in Capital Group Dividend Value ETF during the fourth quarter worth $2,571,000. Finally, Rubicon Advisors GP purchased a new stake in Capital Group Dividend Value ETF in the fourth quarter valued at $491,000.

Capital Group Dividend Value ETF Price Performance

NYSEARCA:CGDV opened at $48.99 on Friday. Capital Group Dividend Value ETF has a 52 week low of $38.00 and a 52 week high of $49.43. The stock’s fifty day moving average is $47.32 and its two-hundred day moving average is $45.26. The company has a market capitalization of $35.33 billion, a P/E 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.