Meridian Wealth Management LLC Acquires 40,400 Shares of Capital Group Dividend Value ETF $CGDV

Meridian Wealth Management LLC lifted its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 278.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,895 shares of the company’s stock after buying an additional 40,400 shares during the quarter. Meridian Wealth Management LLC’s holdings in Capital Group Dividend Value ETF were worth $2,168,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Per Stirling Capital Management LLC. boosted its stake in Capital Group Dividend Value ETF by 1.1% in the 1st quarter. Per Stirling Capital Management LLC. now owns 57,742 shares of the company’s stock worth $2,058,000 after purchasing an additional 644 shares during the period. Tempus Wealth Planning LLC lifted its holdings in shares of Capital Group Dividend Value ETF by 12.5% in the second quarter. Tempus Wealth Planning LLC now owns 253,873 shares of the company’s stock worth $10,025,000 after buying an additional 28,186 shares in the last quarter. Johnson Bixby & Associates LLC boosted its position in shares of Capital Group Dividend Value ETF by 2.4% in the second quarter. Johnson Bixby & Associates LLC now owns 1,968,586 shares of the company’s stock valued at $77,739,000 after acquiring an additional 46,774 shares during the period. KWB Wealth grew its stake in Capital Group Dividend Value ETF by 58.2% during the second quarter. KWB Wealth now owns 200,054 shares of the company’s stock valued at $7,900,000 after acquiring an additional 73,630 shares in the last quarter. Finally, ORG Partners LLC increased its holdings in Capital Group Dividend Value ETF by 864.6% during the 2nd quarter. ORG Partners LLC now owns 10,630 shares of the company’s stock worth $421,000 after acquiring an additional 9,528 shares during the period.

Capital Group Dividend Value ETF Price Performance

NYSEARCA CGDV opened at $42.88 on Friday. The company’s 50 day simple moving average is $42.30 and its two-hundred day simple moving average is $40.26. Capital Group Dividend Value ETF has a 1 year low of $30.94 and a 1 year high of $43.56. The stock has a market capitalization of $24.20 billion, a PE ratio of 26.59 and a beta of 0.89.

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 given a dividend of $0.1359 per share. The ex-dividend date was Tuesday, September 30th. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13. This represents a $0.54 annualized dividend and a yield of 1.3%.

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.