Capital Group Dividend Value ETF $CGDV Stock: Kestra Investment Management LLC Raises Position

Kestra Investment Management LLC raised its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 10.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,800,570 shares of the company’s stock after purchasing an additional 269,609 shares during the period. Capital Group Dividend Value ETF comprises 2.6% of Kestra Investment Management LLC’s holdings, making the stock its 10th largest position. Kestra Investment Management LLC owned about 0.34% of Capital Group Dividend Value ETF worth $136,808,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CGDV. Cetera Investment Advisers raised its stake in shares of Capital Group Dividend Value ETF by 12.0% during the 1st quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock worth $781,004,000 after buying an additional 1,959,868 shares during the period. Bank of America Corp DE grew its stake in Capital Group Dividend Value ETF by 7.0% in the 1st quarter. Bank of America Corp DE now owns 17,913,033 shares of the company’s stock valued at $762,020,000 after acquiring an additional 1,166,097 shares during the period. Kestra Advisory Services LLC grew its stake in Capital Group Dividend Value ETF by 9.4% in the 3rd quarter. Kestra Advisory Services LLC now owns 7,609,979 shares of the company’s stock valued at $371,747,000 after acquiring an additional 654,911 shares during the period. Royal Bank of Canada grew its stake in Capital Group Dividend Value ETF by 19.6% in the 1st quarter. Royal Bank of Canada now owns 7,479,465 shares of the company’s stock valued at $318,176,000 after acquiring an additional 1,223,486 shares during the period. Finally, D.A. Davidson & CO. grew its stake 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 acquiring an additional 48,151 shares during the period.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA CGDV opened at $48.51 on Tuesday. The firm has a fifty day moving average of $49.19 and a 200 day moving average of $47.56. The firm has a market cap of $38.70 billion, a PE ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a one year low of $41.31 and a one year high of $51.63.

Capital Group Dividend Value ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.1522 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471. This represents a $0.61 annualized dividend and a yield of 1.3%.

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.