Investment Advisory Services Group LLC Invests $3.38 Million in Capital Group Dividend Value ETF $CGDV

Investment Advisory Services Group LLC bought a new position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 77,344 shares of the company’s stock, valued at approximately $3,375,000. Capital Group Dividend Value ETF accounts for about 3.0% of Investment Advisory Services Group LLC’s portfolio, making the stock its 9th largest holding.

Other hedge funds have also added to or reduced their stakes in the company. Pflug Koory LLC bought a new stake in Capital Group Dividend Value ETF during the 4th quarter worth about $25,000. Triumph Capital Management bought a new position in shares of Capital Group Dividend Value ETF in the 3rd quarter valued at about $32,000. Bay Harbor Wealth Management LLC bought a new position in shares of Capital Group Dividend Value ETF in the 4th quarter valued at about $32,000. CoreCap Advisors LLC increased its position in shares of Capital Group Dividend Value ETF by 93.8% in the fourth quarter. CoreCap Advisors LLC now owns 849 shares of the company’s stock valued at $37,000 after acquiring an additional 411 shares during the last quarter. Finally, Huntington National Bank bought a new stake in Capital Group Dividend Value ETF during the third quarter worth about $49,000.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA CGDV opened at $47.45 on Tuesday. The stock has a 50 day moving average price of $44.60 and a 200 day moving average price of $44.18. The stock has a market capitalization of $34.22 billion, a PE ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 52 week low of $36.10 and a 52 week high of $47.56.

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.