JPMorgan Chase & Co. Purchases 83,790 Shares of Capital Group Dividend Value ETF $CGDV

JPMorgan Chase & Co. lifted its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 42.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 282,103 shares of the company’s stock after buying an additional 83,790 shares during the period. JPMorgan Chase & Co.’s holdings in Capital Group Dividend Value ETF were worth $11,857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CGDV. Lincoln Capital LLC boosted its position in Capital Group Dividend Value ETF by 1.4% in the third quarter. Lincoln Capital LLC now owns 16,640 shares of the company’s stock worth $705,000 after purchasing an additional 235 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its holdings in shares of Capital Group Dividend Value ETF by 2.0% in the third quarter. GPS Wealth Strategies Group LLC now owns 13,083 shares of the company’s stock worth $550,000 after buying an additional 252 shares during the last quarter. Ameriprise Financial Inc. grew its position in Capital Group Dividend Value ETF by 1.7% during the second quarter. Ameriprise Financial Inc. now owns 16,080 shares of the company’s stock valued at $635,000 after buying an additional 263 shares during the period. Fiduciary Alliance LLC increased its holdings in Capital Group Dividend Value ETF by 0.9% during the third quarter. Fiduciary Alliance LLC now owns 31,880 shares of the company’s stock valued at $1,340,000 after buying an additional 276 shares during the last quarter. Finally, Atlas Legacy Advisors LLC raised its position in Capital Group Dividend Value ETF by 0.9% in the third quarter. Atlas Legacy Advisors LLC now owns 42,118 shares of the company’s stock worth $1,770,000 after acquiring an additional 362 shares during the period.

Capital Group Dividend Value ETF Price Performance

Shares of Capital Group Dividend Value ETF stock opened at $44.73 on Friday. Capital Group Dividend Value ETF has a 1-year low of $30.94 and a 1-year high of $46.01. The company’s fifty day simple moving average is $44.81 and its 200-day simple moving average is $43.28. The stock has a market capitalization of $28.56 billion, a PE ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

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