Synergy Investment Management LLC Purchases New Stake in Capital Group Dividend Value ETF $CGDV

Synergy Investment Management LLC acquired a new position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 154,625 shares of the company’s stock, valued at approximately $6,499,000. Capital Group Dividend Value ETF accounts for approximately 2.5% of Synergy Investment Management LLC’s portfolio, making the stock its 11th largest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CGDV. Washington Trust Advisors Inc. purchased a new stake in shares of Capital Group Dividend Value ETF during the 2nd quarter worth $29,000. FNY Investment Advisers LLC acquired a new stake in shares of Capital Group Dividend Value ETF in the second quarter valued at about $35,000. MassMutual Private Wealth & Trust FSB boosted its holdings 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 worth $48,000 after buying an additional 1,146 shares in the last quarter. Banco de Sabadell S.A acquired a new position in Capital Group Dividend Value ETF during the second quarter worth about $47,000. Finally, CENTRAL TRUST Co purchased a new position in Capital Group Dividend Value ETF in the third quarter valued at about $52,000.

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA:CGDV opened at $45.56 on Thursday. The firm has a market capitalization of $29.09 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The business’s 50 day simple moving average is $44.42 and its 200-day simple moving average is $42.94. Capital Group Dividend Value ETF has a 12 month low of $30.94 and a 12 month high of $46.01.

Capital Group Dividend Value ETF Increases Dividend

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