32,830 Capital Group Dividend Value ETF $CGDV Shares Purchased by IMG Wealth Management Inc.

IMG Wealth Management Inc. raised its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 11.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 314,570 shares of the company’s stock after acquiring an additional 32,830 shares during the quarter. Capital Group Dividend Value ETF makes up approximately 8.6% of IMG Wealth Management Inc.’s investment portfolio, making the stock its 2nd largest position. IMG Wealth Management Inc.’s holdings in Capital Group Dividend Value ETF were worth $15,367,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Latitude Advisors LLC raised its position in Capital Group Dividend Value ETF by 21.2% in the third quarter. Latitude Advisors LLC now owns 116,781 shares of the company’s stock valued at $5,705,000 after purchasing an additional 20,441 shares during the last quarter. Investment Advisory Services Inc. TX ADV boosted its stake in shares of Capital Group Dividend Value ETF by 13.8% during the third quarter. Investment Advisory Services Inc. TX ADV now owns 43,740 shares of the company’s stock valued at $2,137,000 after purchasing an additional 5,296 shares in the last quarter. Roman Butler Fullerton & Co. grew its holdings in shares of Capital Group Dividend Value ETF by 29.4% during the third quarter. Roman Butler Fullerton & Co. now owns 19,422 shares of the company’s stock worth $952,000 after purchasing an additional 4,415 shares during the last quarter. Total Clarity Wealth Management Inc. grew its holdings in shares of Capital Group Dividend Value ETF by 37.7% during the third quarter. Total Clarity Wealth Management Inc. now owns 80,930 shares of the company’s stock worth $3,953,000 after purchasing an additional 22,170 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of Capital Group Dividend Value ETF by 15.6% during the third quarter. Oppenheimer & Co. Inc. now owns 335,268 shares of the company’s stock worth $16,378,000 after purchasing an additional 45,153 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Capital Group Dividend Value ETF stock opened at $49.14 on Wednesday. The business has a 50 day moving average of $49.47 and a 200-day moving average of $47.37. Capital Group Dividend Value ETF has a 1 year low of $41.31 and a 1 year high of $51.63. The company has a market capitalization of $39.76 billion, a P/E ratio of 26.59 and a beta of 0.88.

Capital Group Dividend Value ETF Increases Dividend

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

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.