Divergent Planning LLC Makes New Investment in Capital Group Dividend Value ETF $CGDV

Divergent Planning LLC purchased a new position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 58,217 shares of the company’s stock, valued at approximately $2,299,000.

Several other hedge funds have also recently modified their holdings of CGDV. Hughes Financial Services LLC bought a new stake in Capital Group Dividend Value ETF in the 1st quarter valued at $28,000. Trust Co. of Vermont purchased a new position in shares of Capital Group Dividend Value ETF during the second quarter valued at about $29,000. Capital Analysts LLC bought a new stake in shares of Capital Group Dividend Value ETF in the first quarter worth about $30,000. Golden State Wealth Management LLC bought a new position in Capital Group Dividend Value ETF during the first quarter valued at approximately $32,000. Finally, ORG Partners LLC grew its holdings in Capital Group Dividend Value ETF by 100.4% during the 1st quarter. ORG Partners LLC now owns 1,102 shares of the company’s stock valued at $39,000 after buying an additional 552 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of CGDV opened at $42.14 on Tuesday. The business’s 50 day simple moving average is $41.70 and its 200-day simple moving average is $39.05. 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 capitalization of $22.96 billion, a price-to-earnings 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. Stockholders of record on Tuesday, September 30th were given a dividend of $0.1359 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.54 annualized dividend and a dividend yield of 1.3%. This is a positive change 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.