Capital Group Dividend Value ETF $CGDV Stock Purchased by HBW Advisory Services LLC

HBW Advisory Services LLC increased its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 9.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 135,063 shares of the company’s stock after purchasing an additional 11,839 shares during the period. HBW Advisory Services LLC’s holdings in Capital Group Dividend Value ETF were worth $6,598,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Cetera Investment Advisers lifted its stake in Capital Group Dividend Value ETF by 12.0% during the first quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock worth $781,004,000 after purchasing an additional 1,959,868 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Capital Group Dividend Value ETF by 7.0% during the first quarter. Bank of America Corp DE now owns 17,913,033 shares of the company’s stock worth $762,020,000 after buying an additional 1,166,097 shares during the period. Advance Capital Management Inc. boosted its position in shares of Capital Group Dividend Value ETF by 1.4% during the first quarter. Advance Capital Management Inc. now owns 10,192,029 shares of the company’s stock worth $433,569,000 after buying an additional 140,796 shares during the period. Royal Bank of Canada grew its stake in shares of Capital Group Dividend Value ETF by 19.6% in the first quarter. Royal Bank of Canada now owns 7,479,465 shares of the company’s stock valued at $318,176,000 after buying an additional 1,223,486 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its stake in shares of Capital Group Dividend Value ETF by 14.9% in the first quarter. Kestra Advisory Services LLC now owns 5,857,420 shares of the company’s stock valued at $249,175,000 after buying an additional 760,675 shares in the last quarter.

Capital Group Dividend Value ETF Trading Down 1.1%

CGDV stock opened at $49.14 on Thursday. The company has a market capitalization of $38.83 billion, a PE ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 12-month low of $41.31 and a 12-month high of $51.63. The business’s fifty day moving average price is $49.84 and its 200 day moving average price is $48.33.

Capital Group Dividend Value ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were issued a dividend of $0.1522 per share. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471. The ex-dividend date was Wednesday, September 30th. This represents a $0.61 dividend on an annualized basis and a yield of 1.2%.

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.