Capital Group Dividend Value ETF $CGDV Stock: LongView Wealth Management Increases Holdings

LongView Wealth Management increased its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 8.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 264,674 shares of the company’s stock after acquiring an additional 21,086 shares during the period. Capital Group Dividend Value ETF comprises about 3.1% of LongView Wealth Management’s portfolio, making the stock its 6th biggest position. LongView Wealth Management’s holdings in Capital Group Dividend Value ETF were worth $12,929,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bayban acquired a new position in shares of Capital Group Dividend Value ETF in the first quarter valued at approximately $36,000. CoreCap Advisors LLC increased its position in Capital Group Dividend Value ETF by 19.5% in the 2nd quarter. CoreCap Advisors LLC now owns 1,338 shares of the company’s stock valued at $66,000 after acquiring an additional 218 shares during the period. Torren Management LLC acquired a new position in Capital Group Dividend Value ETF in the 1st quarter valued at approximately $58,000. Bellevue Asset Management LLC bought a new position in shares of Capital Group Dividend Value ETF during the first quarter valued at $62,000. Finally, Beacon Financial Strategies CORP acquired a new position in shares of Capital Group Dividend Value ETF during the second quarter worth $79,000.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV stock traded up $0.20 on Monday, hitting $49.13. The company had a trading volume of 1,230,184 shares, compared to its average volume of 4,115,556. Capital Group Dividend Value ETF has a twelve month low of $41.31 and a twelve month high of $51.63. The firm has a market cap of $38.89 billion, a P/E ratio of 26.59 and a beta of 0.88. The stock’s 50-day moving average is $49.76 and its two-hundred day moving average is $48.44.

Capital Group Dividend Value ETF Increases Dividend

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

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