Capital Group Dividend Value ETF $CGDV Holdings Boosted by New England Private Wealth Advisors LLC

New England Private Wealth Advisors LLC raised its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 12.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 430,401 shares of the company’s stock after acquiring an additional 47,528 shares during the quarter. Capital Group Dividend Value ETF makes up about 2.4% of New England Private Wealth Advisors LLC’s holdings, making the stock its 9th largest holding. New England Private Wealth Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $18,090,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Bank of America Corp DE lifted its stake in shares of Capital Group Dividend Value ETF by 23.1% in the 2nd quarter. Bank of America Corp DE now owns 13,179,947 shares of the company’s stock worth $520,476,000 after acquiring an additional 2,471,984 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Capital Group Dividend Value ETF by 39.1% in the third quarter. Jones Financial Companies Lllp now owns 7,854,486 shares of the company’s stock valued at $328,634,000 after acquiring an additional 2,208,093 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of Capital Group Dividend Value ETF by 11.5% during the second quarter. Raymond James Financial Inc. now owns 19,353,624 shares of the company’s stock worth $764,275,000 after acquiring an additional 1,999,975 shares during the period. Cetera Investment Advisers increased its stake in shares of 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 worth $467,957,000 after acquiring an additional 1,730,269 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Capital Group Dividend Value ETF by 10.8% during 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 in the last quarter.

Capital Group Dividend Value ETF Stock Down 1.3%

Shares of NYSEARCA:CGDV opened at $44.14 on Monday. The company has a market cap of $28.19 billion, a P/E ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 52 week low of $30.94 and a 52 week high of $46.01. The company has a 50-day moving average price of $44.81 and a 200 day moving average price of $43.34.

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 dividend of $0.1928 per share. 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. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.7%.

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.