Procyon Advisors LLC boosted its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV – Free Report) by 18.8% during the first quarter, Holdings Channel.com reports. The fund owned 965,686 shares of the company’s stock after purchasing an additional 152,781 shares during the quarter. Capital Group Dividend Value ETF comprises 0.6% of Procyon Advisors LLC’s investment portfolio, making the stock its 9th biggest position. Procyon Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $41,080,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Pflug Koory LLC purchased a new position in Capital Group Dividend Value ETF during the fourth quarter valued at $25,000. Flagship Wealth Advisors LLC acquired a new position in shares of Capital Group Dividend Value ETF during the 4th quarter worth about $32,000. Bay Harbor Wealth Management LLC purchased a new position in Capital Group Dividend Value ETF in the 4th quarter valued at about $32,000. Tucker Asset Management LLC acquired a new stake in Capital Group Dividend Value ETF in the 4th quarter worth about $32,000. Finally, Triumph Capital Management acquired a new stake in Capital Group Dividend Value ETF in the 3rd quarter worth about $32,000.
Capital Group Dividend Value ETF Price Performance
Shares of Capital Group Dividend Value ETF stock opened at $49.50 on Monday. The stock has a market capitalization of $36.89 billion, a P/E ratio of 26.59 and a beta of 0.88. The business has a 50 day simple moving average of $48.32 and a two-hundred day simple moving average of $45.85. Capital Group Dividend Value ETF has a 12 month low of $39.87 and a 12 month high of $49.55.
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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