HB Wealth Management LLC Raises Stock Position in Capital Group Dividend Value ETF $CGDV

HB Wealth Management LLC grew its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 71.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 72,193 shares of the company’s stock after purchasing an additional 30,003 shares during the period. HB Wealth Management LLC’s holdings in Capital Group Dividend Value ETF were worth $3,558,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. LPL Financial LLC increased its position in Capital Group Dividend Value ETF by 20.7% during the 4th quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock valued at $2,770,731,000 after buying an additional 10,904,954 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in Capital Group Dividend Value ETF by 6.6% in the fourth quarter. Raymond James Financial Inc. now owns 23,591,243 shares of the company’s stock worth $1,029,522,000 after acquiring an additional 1,465,566 shares in the last quarter. Capital International Investors grew its stake in shares of Capital Group Dividend Value ETF by 1.8% during the fourth quarter. Capital International Investors now owns 22,899,119 shares of the company’s stock worth $999,318,000 after acquiring an additional 397,762 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Capital Group Dividend Value ETF by 12.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 18,754,937 shares of the company’s stock worth $818,465,000 after acquiring an additional 2,061,385 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of Capital Group Dividend Value ETF by 12.0% during the first quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock valued at $781,004,000 after acquiring an additional 1,959,868 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of Capital Group Dividend Value ETF stock opened at $50.08 on Tuesday. The company has a 50 day moving average price of $49.80 and a 200 day moving average price of $47.40. The firm has a market capitalization of $37.98 billion, a P/E ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 52 week low of $41.08 and a 52 week high of $51.63.

Capital Group Dividend Value ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.1471 per share. This represents a $0.59 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Tuesday, June 30th. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.11.

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.