Midwest Heritage Bank FSB Buys 10,842 Shares of Capital Group Dividend Value ETF $CGDV

Midwest Heritage Bank FSB raised its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 1.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 720,352 shares of the company’s stock after acquiring an additional 10,842 shares during the period. Capital Group Dividend Value ETF accounts for about 10.1% of Midwest Heritage Bank FSB’s holdings, making the stock its 3rd biggest holding. Midwest Heritage Bank FSB’s holdings in Capital Group Dividend Value ETF were worth $35,499,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Tucker Asset Management LLC bought a new stake in shares of Capital Group Dividend Value ETF during the fourth quarter worth $32,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Capital Group Dividend Value ETF during the fourth quarter worth $32,000. Triumph Capital Management bought a new stake in Capital Group Dividend Value ETF in the 3rd quarter valued at $32,000. TD Capital Management LLC bought a new stake in Capital Group Dividend Value ETF in the 4th quarter valued at $34,000. Finally, Bayban acquired a new position in Capital Group Dividend Value ETF in the 1st quarter worth $36,000.

Capital Group Dividend Value ETF Trading Down 0.0%

Shares of NYSEARCA CGDV opened at $50.08 on Friday. The company has a fifty day moving average price of $49.78 and a 200 day moving average price of $47.36. The firm has a market cap of $37.98 billion, a PE ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 1-year low of $41.08 and a 1-year high of $51.63.

Capital Group Dividend Value ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were given a dividend of $0.1471 per share. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.11. This represents a $0.59 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, June 30th.

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. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.