J. Derek Lewis & Associates Inc. Increases Position in Capital Group Dividend Value ETF $CGDV

J. Derek Lewis & Associates Inc. boosted its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 4.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 754,921 shares of the company’s stock after purchasing an additional 35,551 shares during the quarter. Capital Group Dividend Value ETF comprises approximately 7.2% of J. Derek Lewis & Associates Inc.’s holdings, making the stock its 2nd largest holding. J. Derek Lewis & Associates Inc.’s holdings in Capital Group Dividend Value ETF were worth $32,116,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CGDV. Pflug Koory LLC purchased a new position in shares of Capital Group Dividend Value ETF during the fourth quarter valued at about $25,000. Triumph Capital Management purchased a new stake in shares of Capital Group Dividend Value ETF in the third quarter worth about $32,000. Bay Harbor Wealth Management LLC bought a new position in Capital Group Dividend Value ETF during the fourth quarter valued at approximately $32,000. Tucker Asset Management LLC bought a new position in Capital Group Dividend Value ETF during the fourth quarter valued at approximately $32,000. Finally, Flagship Wealth Advisors LLC purchased a new position in Capital Group Dividend Value ETF during the 4th quarter valued at approximately $32,000.

Capital Group Dividend Value ETF Price Performance

NYSEARCA:CGDV opened at $49.23 on Friday. Capital Group Dividend Value ETF has a 1 year low of $39.87 and a 1 year high of $49.55. The stock’s 50 day simple moving average is $48.74 and its two-hundred day simple moving average is $46.33. The company has a market cap of $37.05 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88.

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. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.