IMG Wealth Management Inc. Has $8.79 Million Stock Holdings in Capital Group Dividend Value ETF $CGDV

IMG Wealth Management Inc. raised its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 8.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 222,549 shares of the company’s stock after purchasing an additional 16,557 shares during the quarter. Capital Group Dividend Value ETF comprises 6.8% of IMG Wealth Management Inc.’s portfolio, making the stock its 2nd largest holding. IMG Wealth Management Inc.’s holdings in Capital Group Dividend Value ETF were worth $8,788,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. LPL Financial LLC boosted its stake in shares of Capital Group Dividend Value ETF by 34.0% during the 1st quarter. LPL Financial LLC now owns 29,452,035 shares of the company’s stock worth $1,049,670,000 after acquiring an additional 7,468,408 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of Capital Group Dividend Value ETF by 1.8% during the 1st quarter. Raymond James Financial Inc. now owns 17,353,649 shares of the company’s stock worth $618,484,000 after acquiring an additional 301,908 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Capital Group Dividend Value ETF by 36.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 15,207,625 shares of the company’s stock worth $542,000,000 after acquiring an additional 4,071,484 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Capital Group Dividend Value ETF by 19.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 13,831,238 shares of the company’s stock worth $492,945,000 after acquiring an additional 2,220,112 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of Capital Group Dividend Value ETF by 19.8% during the 1st quarter. Cetera Investment Advisers now owns 10,119,747 shares of the company’s stock worth $360,668,000 after acquiring an additional 1,672,691 shares in the last quarter.

Capital Group Dividend Value ETF Stock Up 0.9%

CGDV opened at $42.14 on Tuesday. The firm has a market cap of $22.96 billion, a PE ratio of 26.59 and a beta of 0.91. The business has a fifty day simple moving average of $41.70 and a 200-day simple moving average of $39.05. Capital Group Dividend Value ETF has a fifty-two week low of $30.94 and a fifty-two week high of $42.66.

Capital Group Dividend Value ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.1359 per share. The ex-dividend date of this dividend was Tuesday, September 30th. 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.

Capital Group Dividend Value ETF Company 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.