StrongBox Wealth LLC Acquires 45,560 Shares of Capital Group Dividend Value ETF $CGDV

StrongBox Wealth LLC lifted its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 62.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 118,881 shares of the company’s stock after purchasing an additional 45,560 shares during the quarter. StrongBox Wealth LLC’s holdings in Capital Group Dividend Value ETF were worth $5,807,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cetera Investment Advisers raised its stake 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 purchasing an additional 1,959,868 shares in the last quarter. Bank of America Corp DE lifted its holdings 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 worth $762,020,000 after purchasing an additional 1,166,097 shares during the period. Royal Bank of Canada lifted its holdings in Capital Group Dividend Value ETF by 19.6% in 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. Kestra Advisory Services LLC lifted its holdings in Capital Group Dividend Value ETF by 14.9% in the first quarter. Kestra Advisory Services LLC now owns 5,857,420 shares of the company’s stock worth $249,175,000 after purchasing an additional 760,675 shares during the period. Finally, D.A. Davidson & CO. grew its position in Capital Group Dividend Value ETF by 1.3% in the 3rd quarter. D.A. Davidson & CO. now owns 3,780,677 shares of the company’s stock valued at $184,686,000 after buying an additional 48,151 shares in the last quarter.

Capital Group Dividend Value ETF Stock Down 4.3%

Shares of CGDV opened at $47.45 on Friday. The firm has a market capitalization of $38.52 billion, a PE ratio of 26.59 and a beta of 0.88. The firm has a 50-day moving average price of $49.29 and a 200 day moving average price of $47.52. Capital Group Dividend Value ETF has a 52-week low of $41.31 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 Thursday, October 1st. Stockholders of record on Wednesday, September 30th were paid a $0.1522 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.61 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 $0.1471.

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.