Private Advisor Group LLC Boosts Stake in Capital Group Dividend Value ETF $CGDV

Private Advisor Group LLC grew its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 8.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,139,162 shares of the company’s stock after acquiring an additional 257,621 shares during the quarter. Capital Group Dividend Value ETF comprises 0.6% of Private Advisor Group LLC’s portfolio, making the stock its 22nd biggest position. Private Advisor Group LLC’s holdings in Capital Group Dividend Value ETF were worth $131,939,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Capital Group Dividend Value ETF by 38,200.0% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,149 shares of the company’s stock valued at $48,000 after purchasing an additional 1,146 shares in the last quarter. Huntington National Bank acquired a new stake in Capital Group Dividend Value ETF during the 3rd quarter worth approximately $49,000. Banco de Sabadell S.A acquired a new stake in Capital Group Dividend Value ETF during the 2nd quarter worth approximately $47,000. CENTRAL TRUST Co purchased a new position in Capital Group Dividend Value ETF in the third quarter valued at approximately $52,000. Finally, Trust Co. of Vermont raised its holdings in Capital Group Dividend Value ETF by 83.0% in the third quarter. Trust Co. of Vermont now owns 1,347 shares of the company’s stock valued at $57,000 after buying an additional 611 shares during the period.

Capital Group Dividend Value ETF Stock Down 1.3%

Shares of CGDV stock opened at $44.14 on Monday. Capital Group Dividend Value ETF has a fifty-two week low of $30.94 and a fifty-two week high of $46.01. The firm’s 50 day moving average price is $44.81 and its two-hundred day moving average price is $43.34. The stock has a market cap of $28.19 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

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

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.