Gateway Wealth Partners LLC Makes New Investment in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Gateway Wealth Partners LLC purchased a new position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,242 shares of the company’s stock, valued at approximately $239,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Headlands Technologies LLC purchased a new position in Capital Group Dividend Value ETF in the 2nd quarter worth about $27,000. Glassman Wealth Services purchased a new position in Capital Group Dividend Value ETF in the 1st quarter worth about $29,000. Transcendent Capital Group LLC purchased a new position in Capital Group Dividend Value ETF in the 4th quarter worth about $33,000. Signaturefd LLC purchased a new position in Capital Group Dividend Value ETF in the 2nd quarter worth about $36,000. Finally, Russell Investments Group Ltd. purchased a new position in Capital Group Dividend Value ETF in the 1st quarter worth about $42,000.

Capital Group Dividend Value ETF Trading Up 0.3 %

Shares of CGDV opened at $36.44 on Tuesday. The business’s 50-day moving average price is $35.05 and its 200 day moving average price is $33.56. The stock has a market capitalization of $8.30 billion, a P/E ratio of 22.38 and a beta of 0.92. Capital Group Dividend Value ETF has a 1-year low of $25.47 and a 1-year high of $36.69.

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.