FSA Wealth Partners Inc. Raises Stake in Capital Group Dividend Value ETF $CGDV

FSA Wealth Partners Inc. raised its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 3.8% during the third quarter, HoldingsChannel reports. The firm owned 615,537 shares of the company’s stock after purchasing an additional 22,507 shares during the period. Capital Group Dividend Value ETF comprises 10.0% of FSA Wealth Partners Inc.’s portfolio, making the stock its 3rd largest holding. FSA Wealth Partners Inc.’s holdings in Capital Group Dividend Value ETF were worth $25,871,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC bought a new position in shares of Capital Group Dividend Value ETF during the first quarter valued at approximately $236,000. HB Wealth Management LLC lifted its holdings in Capital Group Dividend Value ETF by 6.8% during the second quarter. HB Wealth Management LLC now owns 11,981 shares of the company’s stock worth $473,000 after buying an additional 763 shares during the period. PFG Investments LLC bought a new stake in Capital Group Dividend Value ETF during the 2nd quarter valued at $355,000. Bartlett & CO. Wealth Management LLC boosted its position in Capital Group Dividend Value ETF by 4,790.2% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 2,005 shares of the company’s stock valued at $79,000 after acquiring an additional 1,964 shares in the last quarter. Finally, Trust Co. of Vermont purchased a new position in shares of Capital Group Dividend Value ETF in the 2nd quarter valued at $29,000.

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA CGDV opened at $44.87 on Friday. Capital Group Dividend Value ETF has a 1-year low of $30.94 and a 1-year high of $45.12. The business has a fifty day moving average price of $43.96 and a 200 day moving average price of $42.53. The stock has a market capitalization of $28.62 billion, a P/E ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were given a dividend of $0.1928 per share. The ex-dividend date of this dividend was Friday, December 26th. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. This represents a $0.77 annualized dividend and a dividend yield of 1.7%.

About Capital Group Dividend Value ETF

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. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.