Ergawealth Advisors Inc. Has $22.44 Million Holdings in Capital Group Dividend Value ETF $CGDV

Ergawealth Advisors Inc. raised its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 4.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 568,141 shares of the company’s stock after acquiring an additional 23,560 shares during the period. Capital Group Dividend Value ETF accounts for 10.1% of Ergawealth Advisors Inc.’s portfolio, making the stock its 2nd largest position. Ergawealth Advisors Inc.’s holdings in Capital Group Dividend Value ETF were worth $22,436,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. LPL Financial LLC boosted its position in shares of Capital Group Dividend Value ETF by 34.0% in the first quarter. LPL Financial LLC now owns 29,452,035 shares of the company’s stock valued at $1,049,670,000 after acquiring an additional 7,468,408 shares during the period. Raymond James Financial Inc. raised its stake in Capital Group Dividend Value ETF by 1.8% during the 1st quarter. Raymond James Financial Inc. now owns 17,353,649 shares of the company’s stock valued at $618,484,000 after purchasing an additional 301,908 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Capital Group Dividend Value ETF by 36.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 15,207,625 shares of the company’s stock valued at $542,000,000 after purchasing an additional 4,071,484 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Capital Group Dividend Value ETF by 19.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 13,831,238 shares of the company’s stock valued at $492,945,000 after purchasing an additional 2,220,112 shares during the period. Finally, Cetera Investment Advisers grew its position in Capital Group Dividend Value ETF by 19.8% in the 1st quarter. Cetera Investment Advisers now owns 10,119,747 shares of the company’s stock worth $360,668,000 after purchasing an additional 1,672,691 shares during the last quarter.

Capital Group Dividend Value ETF Stock Performance

NYSEARCA:CGDV opened at $42.34 on Friday. The firm’s 50-day moving average is $41.40 and its 200-day moving average is $38.54. The company has a market cap of $22.54 billion, a price-to-earnings ratio of 26.59 and a beta of 0.91. Capital Group Dividend Value ETF has a 52-week low of $30.94 and a 52-week high of $42.53.

Capital Group Dividend Value ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.1359 per share. This represents a $0.54 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, September 30th. This is a boost 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.