Capital Group Dividend Value ETF $CGDV Shares Sold by McNamara Financial Services Inc.

McNamara Financial Services Inc. lowered its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 50.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,494 shares of the company’s stock after selling 6,626 shares during the quarter. McNamara Financial Services Inc.’s holdings in Capital Group Dividend Value ETF were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Quantum Financial Planning Services Inc. acquired a new position in shares of Capital Group Dividend Value ETF in the 2nd quarter valued at $4,511,000. CWM LLC lifted its position in Capital Group Dividend Value ETF by 49.5% in the second quarter. CWM LLC now owns 1,690,263 shares of the company’s stock valued at $66,748,000 after acquiring an additional 559,377 shares during the last quarter. Transcendent Capital Group LLC boosted its stake in Capital Group Dividend Value ETF by 3.5% in the second quarter. Transcendent Capital Group LLC now owns 71,442 shares of the company’s stock valued at $2,821,000 after acquiring an additional 2,422 shares in the last quarter. Concurrent Investment Advisors LLC boosted its stake in Capital Group Dividend Value ETF by 18.1% in the second quarter. Concurrent Investment Advisors LLC now owns 636,005 shares of the company’s stock valued at $25,116,000 after acquiring an additional 97,548 shares in the last quarter. Finally, Investment Advisory Group LLC grew its holdings in shares of Capital Group Dividend Value ETF by 18.5% during the second quarter. Investment Advisory Group LLC now owns 8,869 shares of the company’s stock worth $350,000 after purchasing an additional 1,386 shares during the last quarter.

Capital Group Dividend Value ETF Stock Performance

CGDV opened at $41.33 on Monday. Capital Group Dividend Value ETF has a one year low of $30.94 and a one year high of $42.66. The stock has a market capitalization of $22.39 billion, a P/E ratio of 26.59 and a beta of 0.91. The business’s 50-day simple moving average is $41.55 and its 200-day simple moving average is $38.76.

Capital Group Dividend Value ETF Increases Dividend

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

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.