Capital Group Dividend Value ETF (NYSEARCA:CGDV) Stake Increased by Ergawealth Advisors Inc.

Ergawealth Advisors Inc. raised its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 3.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 484,724 shares of the company’s stock after buying an additional 15,941 shares during the quarter. Capital Group Dividend Value ETF comprises 8.8% of Ergawealth Advisors Inc.’s portfolio, making the stock its 4th largest holding. Ergawealth Advisors Inc. owned approximately 0.21% of Capital Group Dividend Value ETF worth $17,663,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its stake in Capital Group Dividend Value ETF by 5.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 823,845 shares of the company’s stock valued at $26,775,000 after acquiring an additional 44,104 shares in the last quarter. Founders Financial Securities LLC grew its position in shares of Capital Group Dividend Value ETF by 24.8% during the 1st quarter. Founders Financial Securities LLC now owns 78,651 shares of the company’s stock valued at $2,556,000 after purchasing an additional 15,637 shares in the last quarter. WJ Wealth Management LLC increased its holdings in shares of Capital Group Dividend Value ETF by 2.8% in the first quarter. WJ Wealth Management LLC now owns 574,289 shares of the company’s stock worth $18,664,000 after purchasing an additional 15,757 shares during the period. Francis Financial Inc. bought a new stake in Capital Group Dividend Value ETF during the first quarter valued at $259,000. Finally, HFG Advisors Inc. bought a new stake in Capital Group Dividend Value ETF during the first quarter valued at $271,000.

Capital Group Dividend Value ETF Stock Down 0.8 %

Shares of NYSEARCA CGDV opened at $36.27 on Friday. The stock’s 50-day simple moving average is $35.93 and its two-hundred day simple moving average is $34.09. Capital Group Dividend Value ETF has a twelve month low of $25.47 and a twelve month high of $37.17. The firm has a market capitalization of $8.27 billion, a P/E ratio of 22.38 and a beta of 0.92.

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.