Capital Group Dividend Value ETF $CGDV Position Lifted by MGO One Seven LLC

MGO One Seven LLC grew its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 18.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 771,312 shares of the company’s stock after acquiring an additional 120,077 shares during the period. Capital Group Dividend Value ETF comprises approximately 0.6% of MGO One Seven LLC’s holdings, making the stock its 24th largest position. MGO One Seven LLC owned about 0.10% of Capital Group Dividend Value ETF worth $37,679,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CGDV. Cetera Investment Advisers grew its holdings 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 valued at $781,004,000 after purchasing an additional 1,959,868 shares during the period. Bank of America Corp DE raised its stake in Capital Group Dividend Value ETF by 7.0% during the 1st quarter. Bank of America Corp DE now owns 17,913,033 shares of the company’s stock valued at $762,020,000 after purchasing an additional 1,166,097 shares during the period. Advance Capital Management Inc. raised 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 valued at $433,569,000 after buying an additional 140,796 shares during the last quarter. Royal Bank of Canada increased its holdings in Capital Group Dividend Value ETF by 19.6% in the 1st quarter. Royal Bank of Canada now owns 7,479,465 shares of the company’s stock valued at $318,176,000 after acquiring an additional 1,223,486 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its position 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 worth $249,175,000 after buying an additional 760,675 shares in the last quarter.

Capital Group Dividend Value ETF Trading Down 1.5%

NYSEARCA:CGDV opened at $48.81 on Friday. The business’s 50-day moving average is $49.41 and its 200 day moving average is $47.44. Capital Group Dividend Value ETF has a 12 month low of $41.31 and a 12 month high of $51.63. The company has a market capitalization of $38.88 billion, a P/E ratio of 26.59 and a beta of 0.88.

Capital Group Dividend Value ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were paid a $0.1522 dividend. 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. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471.

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.