Summit Wealth Group LLC Co. Purchases New Position in Capital Group Dividend Value ETF $CGDV

Summit Wealth Group LLC Co. purchased a new stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the 4th quarter, HoldingsChannel reports. The firm purchased 41,774 shares of the company’s stock, valued at approximately $1,823,000.

Other large investors have also made changes to their positions in the company. Harbor Investment Advisory LLC grew its stake in shares of Capital Group Dividend Value ETF by 91.4% in the 3rd quarter. Harbor Investment Advisory LLC now owns 49,925 shares of the company’s stock valued at $2,098,000 after buying an additional 23,845 shares in the last quarter. Armstrong Fleming & Moore Inc grew its stake in shares of Capital Group Dividend Value ETF by 22.0% in the 4th quarter. Armstrong Fleming & Moore Inc now owns 250,179 shares of the company’s stock valued at $10,918,000 after buying an additional 45,077 shares in the last quarter. Cozad Asset Management Inc. grew its stake in shares of Capital Group Dividend Value ETF by 116.8% in the 3rd quarter. Cozad Asset Management Inc. now owns 179,357 shares of the company’s stock valued at $7,538,000 after buying an additional 96,612 shares in the last quarter. Kaizen Financial Strategies grew its stake in shares of Capital Group Dividend Value ETF by 5.0% in the 4th quarter. Kaizen Financial Strategies now owns 304,926 shares of the company’s stock valued at $13,307,000 after buying an additional 14,641 shares in the last quarter. Finally, AA Financial Advisors LLC grew its stake in shares of Capital Group Dividend Value ETF by 4.5% in the 4th quarter. AA Financial Advisors LLC now owns 755,250 shares of the company’s stock valued at $32,959,000 after buying an additional 32,219 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA CGDV opened at $47.48 on Wednesday. The stock has a market cap of $34.24 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The business has a 50 day simple moving average of $44.63 and a 200 day simple moving average of $44.21. Capital Group Dividend Value ETF has a 52 week low of $36.10 and a 52 week high of $47.56.

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.