Financial Council LLC Buys 36,322 Shares of Capital Group Dividend Value ETF $CGDV

Financial Council LLC boosted its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 48.5% in the third quarter, Holdings Channel reports. The institutional investor owned 111,283 shares of the company’s stock after acquiring an additional 36,322 shares during the quarter. Capital Group Dividend Value ETF makes up approximately 1.7% of Financial Council LLC’s holdings, making the stock its 16th largest position. Financial Council LLC’s holdings in Capital Group Dividend Value ETF were worth $5,436,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CGDV. Ballew Advisors Inc grew its holdings in shares of Capital Group Dividend Value ETF by 1.5% during the 3rd quarter. Ballew Advisors Inc now owns 13,713 shares of the company’s stock valued at $675,000 after acquiring an additional 203 shares in the last quarter. Symphony Financial Ltd. Co. raised its holdings in shares of Capital Group Dividend Value ETF by 3.8% during the second quarter. Symphony Financial Ltd. Co. now owns 5,641 shares of the company’s stock worth $278,000 after acquiring an additional 204 shares in the last quarter. Cypress Capital LLC raised its holdings in shares of Capital Group Dividend Value ETF by 2.6% during the third quarter. Cypress Capital LLC now owns 8,627 shares of the company’s stock worth $421,000 after acquiring an additional 217 shares in the last quarter. CoreCap Advisors LLC boosted its position in Capital Group Dividend Value ETF by 19.5% during the second quarter. CoreCap Advisors LLC now owns 1,338 shares of the company’s stock valued at $66,000 after purchasing an additional 218 shares during the last quarter. Finally, TD Waterhouse Canada Inc. boosted its position in Capital Group Dividend Value ETF by 11.5% during the third quarter. TD Waterhouse Canada Inc. now owns 2,175 shares of the company’s stock valued at $106,000 after purchasing an additional 225 shares during the last quarter.

Capital Group Dividend Value ETF Trading Down 0.1%

NYSEARCA CGDV traded down $0.03 on Friday, reaching $47.42. The stock had a trading volume of 3,543,328 shares, compared to its average volume of 4,071,599. The business has a 50 day moving average price of $49.23 and a 200 day moving average price of $47.54. 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 $37.81 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88.

Capital Group Dividend Value ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.1522 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.61 annualized dividend and a dividend yield of 1.3%. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471.

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.