Carnegie Investment Counsel Acquires New Shares in Capital Group Dividend Value ETF $CGDV

Carnegie Investment Counsel acquired a new stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,772 shares of the company’s stock, valued at approximately $228,000.

Several other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in Capital Group Dividend Value ETF during the first quarter worth about $32,000. Convergence Financial LLC boosted its holdings in Capital Group Dividend Value ETF by 360.7% in the first quarter. Convergence Financial LLC now owns 99,510 shares of the company’s stock valued at $3,547,000 after purchasing an additional 77,909 shares during the period. Sovran Advisors LLC boosted its holdings in Capital Group Dividend Value ETF by 27.5% in the first quarter. Sovran Advisors LLC now owns 202,074 shares of the company’s stock valued at $6,769,000 after purchasing an additional 43,616 shares during the period. Stonebridge Financial Group LLC raised its stake in Capital Group Dividend Value ETF by 79.6% in the first quarter. Stonebridge Financial Group LLC now owns 51,398 shares of the company’s stock valued at $1,832,000 after buying an additional 22,779 shares in the last quarter. Finally, Essex Financial Services Inc. raised its stake in Capital Group Dividend Value ETF by 13.9% in the first quarter. Essex Financial Services Inc. now owns 219,823 shares of the company’s stock valued at $7,835,000 after buying an additional 26,806 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

Capital Group Dividend Value ETF stock opened at $42.85 on Monday. The stock’s fifty day moving average is $41.82 and its two-hundred day moving average is $39.33. Capital Group Dividend Value ETF has a 1-year low of $30.94 and a 1-year high of $42.97. The stock has a market cap of $23.65 billion, a PE ratio of 26.59 and a beta of 0.91.

Capital Group Dividend Value ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were given a dividend of $0.1359 per share. This represents a $0.54 dividend on an annualized basis and a dividend 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.