Synergy Investment Management LLC Takes Position in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Synergy Investment Management LLC acquired a new position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 129,125 shares of the company’s stock, valued at approximately $4,553,000. Capital Group Dividend Value ETF comprises 2.0% of Synergy Investment Management LLC’s investment portfolio, making the stock its 12th largest holding. Synergy Investment Management LLC owned approximately 0.06% of Capital Group Dividend Value ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Venturi Wealth Management LLC purchased a new position in shares of Capital Group Dividend Value ETF during the 4th quarter valued at about $47,000. Blue Trust Inc. raised its stake in shares of Capital Group Dividend Value ETF by 33.3% during 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 in the last quarter. Cassady Schiller Wealth Management LLC bought a new stake in shares of Capital Group Dividend Value ETF in the 3rd quarter worth approximately $83,000. Oakworth Capital Inc. bought a new position in shares of Capital Group Dividend Value ETF during the 4th quarter valued at $129,000. Finally, Westside Investment Management Inc. raised its position in Capital Group Dividend Value ETF by 1,595.7% in the 4th quarter. Westside Investment Management Inc. now owns 3,900 shares of the company’s stock worth $138,000 after purchasing an additional 3,670 shares during the period.

Capital Group Dividend Value ETF Stock Down 0.8 %

NYSEARCA CGDV opened at $36.70 on Tuesday. The company has a 50-day simple moving average of $36.33 and a two-hundred day simple moving average of $36.21. Capital Group Dividend Value ETF has a 12-month low of $31.03 and a 12-month high of $37.38. The firm has a market cap of $14.03 billion, a price-to-earnings ratio of 25.21 and a beta of 0.90.

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.