Capital Group Dividend Value ETF $CGDV Stock Sold by Park Avenue Securities LLC

Park Avenue Securities LLC lowered its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 15.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 126,113 shares of the company’s stock after selling 22,976 shares during the quarter. Park Avenue Securities LLC’s holdings in Capital Group Dividend Value ETF were worth $6,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. WESPAC Advisors LLC boosted its position in Capital Group Dividend Value ETF by 1.9% in the third quarter. WESPAC Advisors LLC now owns 82,132 shares of the company’s stock worth $4,012,000 after purchasing an additional 1,520 shares during the last quarter. National Wealth Management Group LLC grew its stake in shares of Capital Group Dividend Value ETF by 45.7% during the 3rd quarter. National Wealth Management Group LLC now owns 60,310 shares of the company’s stock valued at $2,946,000 after purchasing an additional 18,912 shares during the period. FSA Wealth Partners Inc. increased its position in shares of Capital Group Dividend Value ETF by 4.9% during the 3rd quarter. FSA Wealth Partners Inc. now owns 334,888 shares of the company’s stock valued at $16,359,000 after purchasing an additional 15,711 shares during the last quarter. Flagship Harbor Advisors LLC increased its position in shares of Capital Group Dividend Value ETF by 9.7% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 306,208 shares of the company’s stock valued at $14,958,000 after purchasing an additional 27,087 shares during the last quarter. Finally, Sage Investment Counsel LLC purchased a new stake in shares of Capital Group Dividend Value ETF during the 3rd quarter valued at about $245,000.

Capital Group Dividend Value ETF Stock Up 0.6%

Shares of NYSEARCA:CGDV opened at $49.44 on Thursday. The firm’s 50 day moving average price is $49.45 and its 200-day moving average price is $47.39. Capital Group Dividend Value ETF has a twelve month low of $41.31 and a twelve month high of $51.63. The stock has a market capitalization of $39.32 billion, a PE ratio of 26.59 and a beta of 0.88.

Capital Group Dividend Value ETF Increases Dividend

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

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.