Riverview Capital Advisers LLC Has $8.70 Million Position in Capital Group Dividend Value ETF $CGDV

Riverview Capital Advisers LLC grew its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 11.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 176,590 shares of the company’s stock after acquiring an additional 18,576 shares during the period. Capital Group Dividend Value ETF comprises about 2.5% of Riverview Capital Advisers LLC’s portfolio, making the stock its 11th largest holding. Riverview Capital Advisers LLC’s holdings in Capital Group Dividend Value ETF were worth $8,702,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Richards Merrill & Peterson Inc. raised its stake in Capital Group Dividend Value ETF by 72.6% in the 1st quarter. Richards Merrill & Peterson Inc. now owns 59,315 shares of the company’s stock valued at $2,523,000 after acquiring an additional 24,945 shares during the period. MSH Capital Advisors LLC lifted its holdings in Capital Group Dividend Value ETF by 66.1% during the 4th quarter. MSH Capital Advisors LLC now owns 35,900 shares of the company’s stock valued at $1,567,000 after purchasing an additional 14,293 shares during the last quarter. Thoroughbred Financial Services LLC boosted its position in Capital Group Dividend Value ETF by 24.9% during the fourth quarter. Thoroughbred Financial Services LLC now owns 492,481 shares of the company’s stock worth $21,491,000 after purchasing an additional 98,160 shares during the period. Summit Investment Advisory Services LLC boosted its position in Capital Group Dividend Value ETF by 3.5% during the fourth quarter. Summit Investment Advisory Services LLC now owns 1,005,641 shares of the company’s stock worth $43,886,000 after purchasing an additional 34,309 shares during the period. Finally, Global Retirement Partners LLC boosted its position in Capital Group Dividend Value ETF by 11.9% during the fourth quarter. Global Retirement Partners LLC now owns 764,396 shares of the company’s stock worth $33,358,000 after purchasing an additional 81,072 shares during the period.

Capital Group Dividend Value ETF Price Performance

NYSEARCA:CGDV opened at $50.08 on Friday. Capital Group Dividend Value ETF has a one year low of $41.08 and a one year high of $51.63. The company has a market cap of $37.98 billion, a P/E ratio of 26.59 and a beta of 0.88. The firm’s fifty day moving average price is $49.78 and its two-hundred day moving average price is $47.36.

Capital Group Dividend Value ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Tuesday, June 30th were issued a dividend of $0.1471 per share. This represents a $0.59 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, June 30th. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.11.

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.