Prospera Financial Services Inc Boosts Stock Holdings in Capital Group Dividend Value ETF $CGDV

Prospera Financial Services Inc boosted its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 5.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,047,176 shares of the company’s stock after purchasing an additional 53,082 shares during the quarter. Capital Group Dividend Value ETF comprises approximately 0.8% of Prospera Financial Services Inc’s holdings, making the stock its 20th largest holding. Prospera Financial Services Inc owned 0.22% of Capital Group Dividend Value ETF worth $41,354,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. lifted its position in shares of Capital Group Dividend Value ETF by 26.8% in 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 in the last quarter. MSH Capital Advisors LLC increased its stake in Capital Group Dividend Value ETF by 1.4% in the 1st quarter. MSH Capital Advisors LLC now owns 28,152 shares of the company’s stock worth $1,003,000 after acquiring an additional 383 shares during the last quarter. Signature Wealth Management Group raised its holdings in shares of Capital Group Dividend Value ETF by 3.3% during the 2nd quarter. Signature Wealth Management Group now owns 12,632 shares of the company’s stock worth $499,000 after acquiring an additional 406 shares in the last quarter. Avant Capital LLC boosted its position in shares of Capital Group Dividend Value ETF by 6.7% during the 1st quarter. Avant Capital LLC now owns 7,526 shares of the company’s stock valued at $268,000 after acquiring an additional 473 shares during the last quarter. Finally, Northwest Financial Advisors grew its holdings in shares of Capital Group Dividend Value ETF by 1.2% in the second quarter. Northwest Financial Advisors now owns 39,950 shares of the company’s stock valued at $1,578,000 after purchasing an additional 475 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV opened at $42.58 on Friday. The stock has a market capitalization of $24.03 billion, a PE ratio of 26.59 and a beta of 0.89. The company’s fifty day moving average is $42.12 and its 200 day moving average is $39.92. Capital Group Dividend Value ETF has a fifty-two week low of $30.94 and a fifty-two week high of $43.40.

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 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.