Beacon Financial Advisory LLC Grows Stock Position in Capital Group Dividend Value ETF $CGDV

Beacon Financial Advisory LLC raised its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 6.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 392,614 shares of the company’s stock after buying an additional 22,609 shares during the period. Capital Group Dividend Value ETF comprises about 4.0% of Beacon Financial Advisory LLC’s portfolio, making the stock its 2nd biggest position. Beacon Financial Advisory LLC owned 0.08% of Capital Group Dividend Value ETF worth $15,504,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in CGDV. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Capital Group Dividend Value ETF by 56.1% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,034 shares of the company’s stock valued at $322,000 after buying an additional 3,246 shares during the last quarter. Stablepoint Partners LLC acquired a new position in shares of Capital Group Dividend Value ETF in the 1st quarter valued at about $607,000. Pines Wealth Management LLC lifted its stake in shares of Capital Group Dividend Value ETF by 6.2% in the 1st quarter. Pines Wealth Management LLC now owns 45,796 shares of the company’s stock valued at $1,632,000 after purchasing an additional 2,678 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of Capital Group Dividend Value ETF by 21.3% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 58,112 shares of the company’s stock valued at $2,071,000 after purchasing an additional 10,213 shares during the period. Finally, NavPoint Financial Inc. acquired a new position in shares of Capital Group Dividend Value ETF in the 1st quarter valued at about $268,000.

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA:CGDV opened at $42.34 on Friday. The company has a market capitalization of $22.54 billion, a price-to-earnings ratio of 26.59 and a beta of 0.91. The business’s 50-day moving average is $41.40 and its 200-day moving average is $38.54. Capital Group Dividend Value ETF has a 1 year low of $30.94 and a 1 year high of $42.53.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were paid a $0.1359 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.3%. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13.

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.