Capital Analysts LLC Increases Stake in Capital Group Dividend Value ETF $CGDV

Capital Analysts LLC raised its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 27.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,262 shares of the company’s stock after acquiring an additional 35,765 shares during the period. Capital Analysts LLC’s holdings in Capital Group Dividend Value ETF were worth $8,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the business. LPL Financial LLC raised its stake in shares of Capital Group Dividend Value ETF by 20.7% during the 4th quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock worth $2,770,731,000 after buying an additional 10,904,954 shares in the last quarter. Axxcess Wealth Management LLC raised its holdings in shares of Capital Group Dividend Value ETF by 448.9% in the fourth quarter. Axxcess Wealth Management LLC now owns 3,520,015 shares of the company’s stock worth $153,613,000 after acquiring an additional 2,878,723 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of Capital Group Dividend Value ETF by 14.3% during the third quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock valued at $929,942,000 after buying an additional 2,772,053 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Capital Group Dividend Value ETF by 20.1% during the fourth quarter. Wells Fargo & Company MN now owns 16,311,223 shares of the company’s stock worth $711,822,000 after purchasing an additional 2,729,408 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of Capital Group Dividend Value ETF by 20.4% in the third quarter. Bank of America Corp DE now owns 15,868,443 shares of the company’s stock valued at $666,951,000 after purchasing an additional 2,688,496 shares during the period.

Capital Group Dividend Value ETF Trading Down 0.3%

NYSEARCA CGDV opened at $49.91 on Wednesday. The business’s 50-day moving average price is $49.81 and its 200 day moving average price is $47.43. Capital Group Dividend Value ETF has a twelve month low of $41.24 and a twelve month high of $51.63. The company has a market capitalization of $37.85 billion, a PE ratio of 26.59 and a beta of 0.88.

Capital Group Dividend Value ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Tuesday, June 30th were given a $0.1471 dividend. This is a boost 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.

About Capital Group Dividend Value ETF

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.