Concurrent Investment Advisors LLC Has $14.04 Million Stock Position in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Concurrent Investment Advisors LLC lifted its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 26.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 398,068 shares of the company’s stock after acquiring an additional 83,315 shares during the period. Concurrent Investment Advisors LLC owned approximately 0.17% of Capital Group Dividend Value ETF worth $14,036,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC acquired a new stake in shares of Capital Group Dividend Value ETF in the fourth quarter worth $47,000. Blue Trust Inc. grew its stake in shares of Capital Group Dividend Value ETF by 33.3% in the fourth quarter. Blue Trust Inc. now owns 1,600 shares of the company’s stock worth $58,000 after acquiring an additional 400 shares during the last quarter. Cassady Schiller Wealth Management LLC acquired a new stake in shares of Capital Group Dividend Value ETF in the third quarter worth $83,000. Oakworth Capital Inc. acquired a new stake in shares of Capital Group Dividend Value ETF in the fourth quarter worth $129,000. Finally, Westside Investment Management Inc. grew its stake in shares of Capital Group Dividend Value ETF by 1,595.7% in the fourth quarter. Westside Investment Management Inc. now owns 3,900 shares of the company’s stock worth $138,000 after acquiring an additional 3,670 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of CGDV stock opened at $37.33 on Thursday. The stock has a market cap of $8.51 billion, a P/E ratio of 22.38 and a beta of 0.92. Capital Group Dividend Value ETF has a one year low of $30.28 and a one year high of $37.38. The stock has a fifty day moving average price of $36.17 and a 200 day moving average price of $36.03.

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.