Summit Global Investments Has $697,000 Holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Summit Global Investments boosted its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 7.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,777 shares of the company’s stock after buying an additional 1,396 shares during the quarter. Summit Global Investments’ holdings in Capital Group Dividend Value ETF were worth $697,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CGDV. Venturi Wealth Management LLC acquired a new stake in Capital Group Dividend Value ETF in the 4th quarter worth $47,000. PNC Financial Services Group Inc. acquired a new stake in Capital Group Dividend Value ETF in the 4th quarter worth $55,000. Blue Trust Inc. grew its position in Capital Group Dividend Value ETF by 33.3% in the 4th quarter. Blue Trust Inc. now owns 1,600 shares of the company’s stock worth $58,000 after purchasing an additional 400 shares during the last quarter. Oakworth Capital Inc. acquired a new stake in Capital Group Dividend Value ETF in the 4th quarter worth $129,000. Finally, Westside Investment Management Inc. grew its position in Capital Group Dividend Value ETF by 1,595.7% in the 4th quarter. Westside Investment Management Inc. now owns 3,900 shares of the company’s stock worth $138,000 after purchasing an additional 3,670 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

NYSEARCA CGDV opened at $35.99 on Monday. The firm has a market capitalization of $14.26 billion, a price-to-earnings ratio of 24.80 and a beta of 0.90. The company’s fifty day moving average is $36.46 and its two-hundred day moving average is $36.28. Capital Group Dividend Value ETF has a 52-week low of $31.03 and a 52-week high of $37.38.

Capital Group Dividend Value ETF Company 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.