Ergawealth Advisors Inc. Purchases 23,943 Shares of Capital Group Dividend Value ETF $CGDV

Ergawealth Advisors Inc. boosted its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 602,751 shares of the company’s stock after buying an additional 23,943 shares during the quarter. Capital Group Dividend Value ETF makes up 12.1% of Ergawealth Advisors Inc.’s holdings, making the stock its 3rd biggest position. Ergawealth Advisors Inc. owned about 0.10% of Capital Group Dividend Value ETF worth $26,304,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CGDV. AQR Capital Management LLC acquired a new stake in Capital Group Dividend Value ETF during the first quarter valued at $236,000. Franklin Resources Inc. acquired a new stake in Capital Group Dividend Value ETF during the second quarter valued at $226,000. Russell Investments Group Ltd. grew its position in Capital Group Dividend Value ETF by 24.9% during the second quarter. Russell Investments Group Ltd. now owns 4,638 shares of the company’s stock valued at $183,000 after buying an additional 925 shares during the period. Brown Advisory Inc. grew its position in Capital Group Dividend Value ETF by 22.7% during the second quarter. Brown Advisory Inc. now owns 22,270 shares of the company’s stock valued at $879,000 after buying an additional 4,118 shares during the period. Finally, Menora Mivtachim Holdings LTD. grew its position in Capital Group Dividend Value ETF by 53.1% during the second quarter. Menora Mivtachim Holdings LTD. now owns 298,484 shares of the company’s stock valued at $11,787,000 after buying an additional 103,493 shares during the period.

Capital Group Dividend Value ETF Stock Performance

CGDV stock opened at $44.40 on Thursday. The firm has a market cap of $30.14 billion, a PE ratio of 26.59 and a beta of 0.90. The firm’s fifty day moving average is $44.31 and its 200 day moving average is $43.58. Capital Group Dividend Value ETF has a one year low of $31.56 and a one year high of $46.01.

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.