National Wealth Management Group LLC Raises Stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

National Wealth Management Group LLC lifted its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 52.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,768 shares of the company’s stock after purchasing an additional 7,477 shares during the period. National Wealth Management Group LLC’s holdings in Capital Group Dividend Value ETF were worth $650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new position in Capital Group Dividend Value ETF in the 4th quarter worth approximately $80,340,000. Sittner & Nelson LLC lifted its holdings in shares of Capital Group Dividend Value ETF by 14.1% in the third quarter. Sittner & Nelson LLC now owns 102,764 shares of the company’s stock worth $2,720,000 after buying an additional 12,665 shares in the last quarter. Sunbelt Securities Inc. bought a new position in shares of Capital Group Dividend Value ETF during the third quarter worth $171,000. Bruce G. Allen Investments LLC purchased a new position in Capital Group Dividend Value ETF during the fourth quarter valued at $250,000. Finally, Western Wealth Management LLC bought a new stake in Capital Group Dividend Value ETF in the 4th quarter valued at $1,218,000.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV traded up $0.25 during midday trading on Monday, hitting $31.35. 1,446,882 shares of the company traded hands, compared to its average volume of 1,457,057. The stock has a market cap of $6.89 billion, a price-to-earnings ratio of 21.74 and a beta of 0.91. The firm has a 50 day moving average of $31.60 and a 200-day moving average of $29.57. Capital Group Dividend Value ETF has a 52 week low of $24.86 and a 52 week high of $32.74.

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.