Capital Group Dividend Value ETF $CGDV Shares Acquired by Smallwood Wealth Investment Management LLC

Smallwood Wealth Investment Management LLC boosted its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 7.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 151,623 shares of the company’s stock after purchasing an additional 10,385 shares during the quarter. Capital Group Dividend Value ETF comprises 3.1% of Smallwood Wealth Investment Management LLC’s portfolio, making the stock its 7th largest position. Smallwood Wealth Investment Management LLC’s holdings in Capital Group Dividend Value ETF were worth $7,407,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cetera Investment Advisers lifted its holdings in shares of Capital Group Dividend Value ETF by 12.0% during the first quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock valued at $781,004,000 after purchasing an additional 1,959,868 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Capital Group Dividend Value ETF by 7.0% in the 1st quarter. Bank of America Corp DE now owns 17,913,033 shares of the company’s stock worth $762,020,000 after purchasing an additional 1,166,097 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Capital Group Dividend Value ETF by 19.6% in the 1st quarter. Royal Bank of Canada now owns 7,479,465 shares of the company’s stock worth $318,176,000 after purchasing an additional 1,223,486 shares in the last quarter. Kestra Advisory Services LLC boosted its position in shares of Capital Group Dividend Value ETF by 14.9% in the 1st quarter. Kestra Advisory Services LLC now owns 5,857,420 shares of the company’s stock worth $249,175,000 after purchasing an additional 760,675 shares in the last quarter. Finally, D.A. Davidson & CO. grew its stake in shares of Capital Group Dividend Value ETF by 1.3% in the 3rd quarter. D.A. Davidson & CO. now owns 3,780,677 shares of the company’s stock worth $184,686,000 after buying an additional 48,151 shares during the last quarter.

Capital Group Dividend Value ETF Stock Up 1.4%

Capital Group Dividend Value ETF stock opened at $49.57 on Thursday. Capital Group Dividend Value ETF has a twelve month low of $41.31 and a twelve month high of $51.63. The company has a market capitalization of $40.24 billion, a P/E ratio of 26.59 and a beta of 0.88. The stock’s 50 day moving average is $49.34 and its 200 day moving average is $47.51.

Capital Group Dividend Value ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were issued a $0.1522 dividend. This represents a $0.61 annualized dividend and a yield of 1.2%. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471. The ex-dividend date of this dividend was Wednesday, September 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.