Atria Wealth Solutions Inc. Sells 179,572 Shares of Capital Group Dividend Value ETF $CGDV

Atria Wealth Solutions Inc. reduced its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 17.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 877,929 shares of the company’s stock after selling 179,572 shares during the quarter. Capital Group Dividend Value ETF accounts for approximately 0.8% of Atria Wealth Solutions Inc.’s investment portfolio, making the stock its 15th biggest holding. Atria Wealth Solutions Inc. owned approximately 0.18% of Capital Group Dividend Value ETF worth $34,929,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CGDV. LPL Financial LLC raised its position in Capital Group Dividend Value ETF by 34.0% during the first quarter. LPL Financial LLC now owns 29,452,035 shares of the company’s stock worth $1,049,670,000 after acquiring an additional 7,468,408 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Capital Group Dividend Value ETF by 36.6% in the first quarter. Envestnet Asset Management Inc. now owns 15,207,625 shares of the company’s stock valued at $542,000,000 after purchasing an additional 4,071,484 shares during the period. D.A. Davidson & CO. raised its position in shares of Capital Group Dividend Value ETF by 739.0% in the first quarter. D.A. Davidson & CO. now owns 3,241,910 shares of the company’s stock valued at $115,542,000 after purchasing an additional 2,855,493 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Capital Group Dividend Value ETF by 19.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 13,831,238 shares of the company’s stock valued at $492,945,000 after purchasing an additional 2,220,112 shares during the period. Finally, HighTower Advisors LLC raised its position in shares of Capital Group Dividend Value ETF by 378.6% in the first quarter. HighTower Advisors LLC now owns 2,493,381 shares of the company’s stock valued at $88,864,000 after purchasing an additional 1,972,404 shares during the period.

Capital Group Dividend Value ETF Price Performance

Shares of CGDV opened at $41.33 on Monday. The firm has a market capitalization of $22.39 billion, a PE ratio of 26.59 and a beta of 0.91. The company’s 50-day moving average is $41.55 and its 200-day moving average is $38.76. Capital Group Dividend Value ETF has a fifty-two week low of $30.94 and a fifty-two week high of $42.66.

Capital Group Dividend Value ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were given a $0.1359 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13. This represents a $0.54 annualized dividend and a dividend yield of 1.3%.

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.