Harpswell Capital Advisors LLC Sells 11,765 Shares of Capital Group Dividend Value ETF $CGDV

Harpswell Capital Advisors LLC cut its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 8.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 122,163 shares of the company’s stock after selling 11,765 shares during the quarter. Capital Group Dividend Value ETF comprises approximately 3.9% of Harpswell Capital Advisors LLC’s investment portfolio, making the stock its 8th biggest position. Harpswell Capital Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $5,968,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Cetera Investment Advisers increased its position in shares of Capital Group Dividend Value ETF by 12.0% in the first quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock worth $781,004,000 after purchasing an additional 1,959,868 shares during the period. Bank of America Corp DE raised its stake in Capital Group Dividend Value ETF by 7.0% in the first quarter. Bank of America Corp DE now owns 17,913,033 shares of the company’s stock valued at $762,020,000 after purchasing an additional 1,166,097 shares in the last quarter. Advance Capital Management Inc. lifted its position in Capital Group Dividend Value ETF by 1.4% during the first quarter. Advance Capital Management Inc. now owns 10,192,029 shares of the company’s stock worth $433,569,000 after purchasing an additional 140,796 shares during the period. Royal Bank of Canada lifted its position in Capital Group Dividend Value ETF by 19.6% during the first quarter. Royal Bank of Canada now owns 7,479,465 shares of the company’s stock worth $318,176,000 after purchasing an additional 1,223,486 shares during the period. Finally, Kestra Advisory Services LLC grew its stake in Capital Group Dividend Value ETF by 14.9% during the first quarter. Kestra Advisory Services LLC now owns 5,857,420 shares of the company’s stock worth $249,175,000 after buying an additional 760,675 shares in the last quarter.

Capital Group Dividend Value ETF Stock Up 0.6%

CGDV stock opened at $49.55 on Friday. Capital Group Dividend Value ETF has a 12 month low of $41.24 and a 12 month high of $51.63. The firm has a market cap of $39.00 billion, a P/E ratio of 26.59 and a beta of 0.88. The company’s 50-day moving average price is $49.92 and its two-hundred day moving average price is $48.16.

Capital Group Dividend Value ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were given a dividend of $0.1522 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.61 annualized dividend and a dividend yield of 1.2%. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471.

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.