Western Wealth Management LLC Takes Position in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Western Wealth Management LLC acquired a new stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 40,813 shares of the company’s stock, valued at approximately $1,218,000.

Other hedge funds also recently modified their holdings of the company. Tennessee Valley Asset Management Partners bought a new position in shares of Capital Group Dividend Value ETF in the 4th quarter valued at about $26,000. Money Concepts Capital Corp acquired a new stake in Capital Group Dividend Value ETF in the 4th quarter valued at about $28,000. Ronald Blue Trust Inc. acquired a new stake in Capital Group Dividend Value ETF in the 3rd quarter valued at about $32,000. Morgan Stanley acquired a new stake in Capital Group Dividend Value ETF in the 4th quarter valued at about $35,000. Finally, ICA Group Wealth Management LLC acquired a new stake in Capital Group Dividend Value ETF in the 4th quarter valued at about $62,000.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA:CGDV opened at $31.10 on Friday. Capital Group Dividend Value ETF has a 52-week low of $24.86 and a 52-week high of $32.74. The company has a market capitalization of $6.84 billion, a P/E ratio of 21.74 and a beta of 0.91. The company has a 50-day simple moving average of $31.58 and a 200 day simple moving average of $29.48.

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.