Capital Group Dividend Value ETF (NYSEARCA:CGDV) is Summit Investment Advisory Services LLC’s Largest Position

Summit Investment Advisory Services LLC lifted its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 2.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 834,894 shares of the company’s stock after acquiring an additional 17,130 shares during the quarter. Capital Group Dividend Value ETF comprises approximately 15.7% of Summit Investment Advisory Services LLC’s portfolio, making the stock its largest position. Summit Investment Advisory Services LLC’s holdings in Capital Group Dividend Value ETF were worth $24,913,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CGDV. Envestnet Asset Management Inc. purchased a new stake in shares of Capital Group Dividend Value ETF in the first quarter worth about $357,000. Captrust Financial Advisors acquired a new position in shares of Capital Group Dividend Value ETF in the first quarter worth about $207,000. Capital International Investors acquired a new position in shares of Capital Group Dividend Value ETF in the first quarter worth about $24,214,000. Citadel Advisors LLC acquired a new position in shares of Capital Group Dividend Value ETF in the second quarter worth about $701,000. Finally, Jane Street Group LLC acquired a new position in shares of Capital Group Dividend Value ETF in the second quarter worth about $835,000.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA:CGDV traded down $0.07 during trading on Friday, hitting $32.51. The company’s stock had a trading volume of 3,053,310 shares, compared to its average volume of 1,428,813. Capital Group Dividend Value ETF has a fifty-two week low of $24.51 and a fifty-two week high of $32.60. The stock’s 50-day moving average price is $31.00 and its two-hundred day moving average price is $28.92. The company has a market capitalization of $3.25 billion, a PE ratio of 17.83 and a beta of 0.91.

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.