Hanlon Investment Management Inc. Has $415,000 Stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Hanlon Investment Management Inc. grew its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 62.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,400 shares of the company’s stock after purchasing an additional 4,388 shares during the period. Hanlon Investment Management Inc.’s holdings in Capital Group Dividend Value ETF were worth $415,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Headlands Technologies LLC bought a new stake in Capital Group Dividend Value ETF during the 2nd quarter worth $27,000. Glassman Wealth Services acquired a new stake in Capital Group Dividend Value ETF during the 1st quarter worth approximately $29,000. Signaturefd LLC bought a new stake in Capital Group Dividend Value ETF during the 2nd quarter worth approximately $36,000. Hershey Financial Advisers LLC acquired a new position in Capital Group Dividend Value ETF in the 2nd quarter valued at approximately $36,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Capital Group Dividend Value ETF during the first quarter worth $42,000.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA:CGDV opened at $35.85 on Tuesday. Capital Group Dividend Value ETF has a 52 week low of $26.71 and a 52 week high of $37.17. The firm has a market cap of $8.17 billion, a PE ratio of 22.38 and a beta of 0.92. The firm’s fifty day moving average is $36.08 and its 200-day moving average is $34.33.

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.