Jones Financial Companies Lllp Has $328.63 Million Position in Capital Group Dividend Value ETF $CGDV

Jones Financial Companies Lllp boosted its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 39.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,854,486 shares of the company’s stock after purchasing an additional 2,208,093 shares during the period. Jones Financial Companies Lllp owned 1.39% of Capital Group Dividend Value ETF worth $328,634,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CGDV. Washington Trust Advisors Inc. bought a new position in shares of Capital Group Dividend Value ETF during the 2nd quarter valued at $29,000. FNY Investment Advisers LLC bought a new stake in shares of Capital Group Dividend Value ETF in the second quarter valued at approximately $35,000. Banco de Sabadell S.A bought a new stake in Capital Group Dividend Value ETF in the 2nd quarter valued at $47,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Capital Group Dividend Value ETF by 38,200.0% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,149 shares of the company’s stock valued at $48,000 after buying an additional 1,146 shares during the period. Finally, Trust Co. of Vermont lifted its position in shares of Capital Group Dividend Value ETF by 83.0% in the 3rd quarter. Trust Co. of Vermont now owns 1,347 shares of the company’s stock worth $57,000 after acquiring an additional 611 shares during the period.

Capital Group Dividend Value ETF Price Performance

CGDV opened at $44.87 on Monday. The firm’s fifty day moving average price is $43.96 and its two-hundred day moving average price is $42.54. The company has a market capitalization of $28.58 billion, a P/E ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a fifty-two week low of $30.94 and a fifty-two week high of $45.12.

Capital Group Dividend Value ETF Increases Dividend

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

Capital Group Dividend Value ETF 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.