Stratos Wealth Partners LTD. Grows Position in Capital Group Dividend Value ETF $CGDV

Stratos Wealth Partners LTD. boosted its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 47.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 97,038 shares of the company’s stock after buying an additional 31,165 shares during the period. Stratos Wealth Partners LTD.’s holdings in Capital Group Dividend Value ETF were worth $3,832,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of CGDV. Fifth Third Bancorp bought a new position in shares of Capital Group Dividend Value ETF during the 1st quarter valued at about $37,000. United Advisor Group LLC lifted its position in shares of Capital Group Dividend Value ETF by 11.4% in the first quarter. United Advisor Group LLC now owns 8,602 shares of the company’s stock worth $307,000 after buying an additional 877 shares in the last quarter. ORG Partners LLC boosted its stake in Capital Group Dividend Value ETF by 100.4% during the first quarter. ORG Partners LLC now owns 1,102 shares of the company’s stock valued at $39,000 after buying an additional 552 shares during the last quarter. Advisor Resource Council bought a new position in Capital Group Dividend Value ETF during the first quarter valued at approximately $207,000. Finally, World Equity Group Inc. grew its holdings in Capital Group Dividend Value ETF by 14.7% during the 1st quarter. World Equity Group Inc. now owns 8,598 shares of the company’s stock valued at $306,000 after buying an additional 1,104 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of CGDV opened at $41.77 on Friday. The stock has a market capitalization of $22.76 billion, a price-to-earnings ratio of 26.59 and a beta of 0.91. Capital Group Dividend Value ETF has a 1 year low of $30.94 and a 1 year high of $42.66. The business’s 50 day simple moving average is $41.67 and its 200-day simple moving average is $38.95.

Capital Group Dividend Value ETF Increases Dividend

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