Capital Group Dividend Value ETF $CGDV Shares Bought by Forge Financial Services LLC

Forge Financial Services LLC grew its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 0.7% during the third quarter, HoldingsChannel.com reports. The fund owned 5,726,352 shares of the company’s stock after purchasing an additional 39,483 shares during the quarter. Capital Group Dividend Value ETF makes up about 23.9% of Forge Financial Services LLC’s portfolio, making the stock its biggest holding. Forge Financial Services LLC’s holdings in Capital Group Dividend Value ETF were worth $279,848,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CGDV. Capital Analysts LLC raised its position in Capital Group Dividend Value ETF by 27.8% in the second quarter. Capital Analysts LLC now owns 164,262 shares of the company’s stock valued at $8,095,000 after purchasing an additional 35,765 shares during the period. Ameritas Advisory Services LLC lifted its stake in shares of Capital Group Dividend Value ETF by 179.5% during the second quarter. Ameritas Advisory Services LLC now owns 1,092,250 shares of the company’s stock worth $53,826,000 after purchasing an additional 701,514 shares in the last quarter. Guardian Wealth Advisors LLC NC boosted its position in shares of Capital Group Dividend Value ETF by 2.1% in the second quarter. Guardian Wealth Advisors LLC NC now owns 1,281,501 shares of the company’s stock worth $63,200,000 after buying an additional 26,012 shares during the period. Concurrent Investment Advisors LLC boosted its position in shares of Capital Group Dividend Value ETF by 2.1% in the second quarter. Concurrent Investment Advisors LLC now owns 971,237 shares of the company’s stock worth $47,863,000 after buying an additional 19,594 shares during the period. Finally, PCG Wealth Advisors LLC boosted its position in shares of Capital Group Dividend Value ETF by 5.3% in the second quarter. PCG Wealth Advisors LLC now owns 681,934 shares of the company’s stock worth $33,606,000 after buying an additional 34,563 shares during the period.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV stock traded down $0.19 during trading hours on Friday, reaching $48.56. The company had a trading volume of 2,737,554 shares, compared to its average volume of 4,042,742. Capital Group Dividend Value ETF has a twelve month low of $41.31 and a twelve month high of $51.63. The company has a market capitalization of $38.76 billion, a P/E ratio of 23.29 and a beta of 0.88. The stock’s fifty day simple moving average is $49.10 and its 200 day simple moving average is $47.65.

Capital Group Dividend Value ETF Increases Dividend

The business 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. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471. The ex-dividend date of this dividend was Wednesday, September 30th. 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.