RFG Advisory LLC Decreases Stake in Capital Group Dividend Value ETF $CGDV

RFG Advisory LLC cut its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 42.4% during the second quarter, Holdings Channel reports. The institutional investor owned 169,600 shares of the company’s stock after selling 124,626 shares during the quarter. RFG Advisory LLC’s holdings in Capital Group Dividend Value ETF were worth $8,358,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Flagship Wealth Advisors LLC acquired a new stake in Capital Group Dividend Value ETF in the fourth quarter valued at $32,000. Tucker Asset Management LLC acquired a new position in shares of Capital Group Dividend Value ETF during the 4th quarter worth $32,000. Triumph Capital Management acquired a new position in shares of Capital Group Dividend Value ETF during the 3rd quarter worth $32,000. TD Capital Management LLC purchased a new position in shares of Capital Group Dividend Value ETF in the 4th quarter valued at about $34,000. Finally, Bayban purchased a new position in shares of Capital Group Dividend Value ETF in the 1st quarter valued at about $36,000.

Capital Group Dividend Value ETF Stock Down 0.3%

Shares of NYSEARCA CGDV opened at $49.91 on Wednesday. Capital Group Dividend Value ETF has a 52 week low of $41.24 and a 52 week high of $51.63. The firm has a 50-day moving average price of $49.81 and a 200 day moving average price of $47.43. The stock has a market capitalization of $37.85 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88.

Capital Group Dividend Value ETF Increases Dividend

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

Capital Group Dividend Value ETF 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.