Capital Group Dividend Value ETF $CGDV Position Raised by Mason Investment Advisory Services Inc.

Mason Investment Advisory Services Inc. boosted its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 7.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 476,407 shares of the company’s stock after buying an additional 32,420 shares during the period. Capital Group Dividend Value ETF makes up approximately 1.0% of Mason Investment Advisory Services Inc.’s investment portfolio, making the stock its 9th biggest position. Mason Investment Advisory Services Inc.’s holdings in Capital Group Dividend Value ETF were worth $20,023,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. raised its holdings in shares of Capital Group Dividend Value ETF by 11.5% in the 2nd quarter. Raymond James Financial Inc. now owns 19,353,624 shares of the company’s stock valued at $764,275,000 after acquiring an additional 1,999,975 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Capital Group Dividend Value ETF by 4.0% in the third quarter. Envestnet Asset Management Inc. now owns 17,388,906 shares of the company’s stock worth $730,856,000 after purchasing an additional 668,214 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Capital Group Dividend Value ETF by 10.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 15,328,061 shares of the company’s stock worth $605,305,000 after purchasing an additional 1,496,823 shares during the last quarter. Bank of America Corp DE raised its stake in Capital Group Dividend Value ETF by 23.1% in the second quarter. Bank of America Corp DE now owns 13,179,947 shares of the company’s stock valued at $520,476,000 after purchasing an additional 2,471,984 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in Capital Group Dividend Value ETF by 17.1% during the second quarter. Cetera Investment Advisers now owns 11,850,016 shares of the company’s stock valued at $467,957,000 after purchasing an additional 1,730,269 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

CGDV stock opened at $45.65 on Friday. The firm has a 50 day simple moving average of $44.69 and a two-hundred day simple moving average of $43.14. The stock has a market cap of $29.15 billion, a PE ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a one year low of $30.94 and a one year high of $46.01.

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 given a $0.1928 dividend. This represents a $0.77 annualized dividend and a yield of 1.7%. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, December 26th.

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.