IAM Advisory LLC Acquires 943,584 Shares of Capital Group Dividend Value ETF $CGDV

IAM Advisory LLC lifted its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 195.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,426,848 shares of the company’s stock after purchasing an additional 943,584 shares during the quarter. Capital Group Dividend Value ETF accounts for 13.8% of IAM Advisory LLC’s portfolio, making the stock its largest position. IAM Advisory LLC owned about 0.24% of Capital Group Dividend Value ETF worth $62,268,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Triumph Capital Management purchased a new position in Capital Group Dividend Value ETF during the third quarter valued at approximately $32,000. Banco de Sabadell S.A purchased a new stake in Capital Group Dividend Value ETF in the 2nd quarter worth approximately $47,000. MassMutual Private Wealth & Trust FSB lifted its position in 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 worth $48,000 after buying an additional 1,146 shares in the last quarter. Huntington National Bank acquired a new stake in shares of Capital Group Dividend Value ETF during the 3rd quarter valued at $49,000. Finally, CENTRAL TRUST Co acquired a new stake in shares of Capital Group Dividend Value ETF during the 3rd quarter valued at $52,000.

Capital Group Dividend Value ETF Stock Down 1.5%

Capital Group Dividend Value ETF stock opened at $42.50 on Friday. Capital Group Dividend Value ETF has a 12 month low of $30.94 and a 12 month high of $46.01. The stock has a market cap of $27.14 billion, a P/E ratio of 26.59 and a beta of 0.89. The company’s fifty day simple moving average is $44.75 and its 200-day simple moving average is $43.47.

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 paid a $0.1928 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 1.8%. This is an increase 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.