Cullen Frost Bankers Inc. Has $2.93 Million Holdings in Capital Group Dividend Value ETF $CGDV

Cullen Frost Bankers Inc. boosted its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 85.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,138 shares of the company’s stock after buying an additional 34,161 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Capital Group Dividend Value ETF were worth $2,928,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Trust Co. of Vermont acquired a new stake in shares of Capital Group Dividend Value ETF during the second quarter valued at about $29,000. Hughes Financial Services LLC acquired a new stake in shares of Capital Group Dividend Value ETF during the first quarter valued at about $28,000. Capital Analysts LLC acquired a new stake in shares of Capital Group Dividend Value ETF during the first quarter valued at about $30,000. Golden State Wealth Management LLC acquired a new stake in shares of Capital Group Dividend Value ETF during the first quarter valued at about $32,000. Finally, Blue Trust Inc. boosted its stake in shares of Capital Group Dividend Value ETF by 26.8% during the second quarter. Blue Trust Inc. now owns 1,522 shares of the company’s stock valued at $60,000 after purchasing an additional 322 shares in the last quarter.

Capital Group Dividend Value ETF Trading Up 0.9%

Shares of CGDV stock opened at $42.65 on Friday. The business’s 50-day moving average price is $41.79 and its 200-day moving average price is $39.17. Capital Group Dividend Value ETF has a 12 month low of $30.94 and a 12 month high of $42.74. The firm has a market capitalization of $23.24 billion, a price-to-earnings ratio of 26.59 and a beta of 0.91.

Capital Group Dividend Value ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.1359 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This is a positive change 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 dividend yield of 1.3%.

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.