Capital Group Dividend Value ETF $CGDV Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lifted its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 18.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 636,005 shares of the company’s stock after purchasing an additional 97,548 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $25,116,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Blue Trust Inc. lifted its stake in shares of Capital Group Dividend Value ETF by 26.8% during the second quarter. Blue Trust Inc. now owns 1,522 shares of the company’s stock worth $60,000 after buying an additional 322 shares during the period. Warner Financial Inc. raised its holdings in shares of Capital Group Dividend Value ETF by 3.4% during the first quarter. Warner Financial Inc. now owns 10,242 shares of the company’s stock worth $365,000 after purchasing an additional 341 shares during the last quarter. Lodestar Private Asset Management LLC raised its holdings in shares of Capital Group Dividend Value ETF by 0.4% during the first quarter. Lodestar Private Asset Management LLC now owns 81,168 shares of the company’s stock worth $2,893,000 after purchasing an additional 353 shares during the last quarter. MSH Capital Advisors LLC raised its holdings in shares of Capital Group Dividend Value ETF by 1.4% during the first quarter. MSH Capital Advisors LLC now owns 28,152 shares of the company’s stock worth $1,003,000 after purchasing an additional 383 shares during the last quarter. Finally, Cornerstone Wealth Management LLC raised its holdings in shares of Capital Group Dividend Value ETF by 2.0% during the first quarter. Cornerstone Wealth Management LLC now owns 21,024 shares of the company’s stock worth $749,000 after purchasing an additional 404 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of Capital Group Dividend Value ETF stock opened at $41.33 on Friday. The firm has a fifty day moving average price of $41.55 and a 200 day moving average price of $38.74. Capital Group Dividend Value ETF has a 1 year low of $30.94 and a 1 year high of $42.66. The stock has a market cap of $22.29 billion, a PE ratio of 26.59 and a beta of 0.91.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were issued a dividend of $0.1359 per share. This represents a $0.54 annualized dividend and a dividend yield of 1.3%. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Tuesday, September 30th.

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.