Simplicity Wealth LLC Reduces Stake in Capital Group Dividend Value ETF $CGDV

Simplicity Wealth LLC lowered its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 58.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 34,701 shares of the company’s stock after selling 48,979 shares during the period. Simplicity Wealth LLC’s holdings in Capital Group Dividend Value ETF were worth $1,458,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Trust Co. of Vermont acquired a new position in shares of Capital Group Dividend Value ETF in the second quarter worth $29,000. Washington Trust Advisors Inc. acquired a new stake in shares of Capital Group Dividend Value ETF in the second quarter worth approximately $29,000. FNY Investment Advisers LLC purchased a new stake in shares of Capital Group Dividend Value ETF during the 2nd quarter valued at $35,000. MassMutual Private Wealth & Trust FSB grew its position in Capital Group Dividend Value ETF by 38,200.0% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,149 shares of the company’s stock valued at $48,000 after acquiring an additional 1,146 shares during the period. Finally, Banco de Sabadell S.A purchased a new stake in shares of Capital Group Dividend Value ETF during the 2nd quarter worth about $47,000.

Capital Group Dividend Value ETF Stock Up 0.1%

Capital Group Dividend Value ETF stock opened at $44.34 on Friday. Capital Group Dividend Value ETF has a 52-week low of $30.94 and a 52-week high of $44.67. The firm has a market capitalization of $27.79 billion, a P/E ratio of 26.59 and a beta of 0.89. The firm has a fifty day moving average of $43.68 and a 200-day moving average of $42.33.

Capital Group Dividend Value ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were issued a dividend of $0.1928 per share. This represents a $0.77 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, December 26th. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14.

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.