Capital Group Dividend Value ETF $CGDV Shares Acquired by Mutual Advisors LLC

Mutual Advisors LLC raised its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 16.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 226,849 shares of the company’s stock after purchasing an additional 31,961 shares during the quarter. Mutual Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $9,675,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. AQR Capital Management LLC acquired a new stake in shares of Capital Group Dividend Value ETF during the 1st quarter valued at $236,000. HB Wealth Management LLC raised its position in shares of Capital Group Dividend Value ETF by 6.8% during the second quarter. HB Wealth Management LLC now owns 11,981 shares of the company’s stock worth $473,000 after purchasing an additional 763 shares during the period. PFG Investments LLC purchased a new stake in shares of Capital Group Dividend Value ETF during the second quarter valued at $355,000. Bartlett & CO. Wealth Management LLC lifted its holdings in shares of Capital Group Dividend Value ETF by 4,790.2% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 2,005 shares of the company’s stock valued at $79,000 after purchasing an additional 1,964 shares during the last quarter. Finally, Trust Co. of Vermont acquired a new position in shares of Capital Group Dividend Value ETF in the 2nd quarter valued at $29,000.

Capital Group Dividend Value ETF Trading Down 0.4%

Shares of CGDV opened at $44.87 on Friday. The business’s 50-day moving average price is $43.96 and its 200 day moving average price is $42.53. The stock has a market capitalization of $28.62 billion, a P/E ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 1-year low of $30.94 and a 1-year high of $45.12.

Capital Group Dividend Value ETF Increases Dividend

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

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.