Capital Group Dividend Value ETF $CGDV Shares Acquired by Kestra Advisory Services LLC

Kestra Advisory Services LLC boosted its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 9.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,609,979 shares of the company’s stock after buying an additional 654,911 shares during the quarter. Capital Group Dividend Value ETF makes up about 1.0% of Kestra Advisory Services LLC’s holdings, making the stock its 11th largest position. Kestra Advisory Services LLC’s holdings in Capital Group Dividend Value ETF were worth $371,747,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CGDV. Cetera Investment Advisers lifted its position in shares of Capital Group Dividend Value ETF by 12.0% during the 1st quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock valued at $781,004,000 after buying an additional 1,959,868 shares during the last quarter. Bank of America Corp DE grew its stake in shares of 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 worth $762,020,000 after acquiring an additional 1,166,097 shares during the period. Royal Bank of Canada grew its stake in shares of Capital Group Dividend Value ETF by 19.6% during the 1st quarter. Royal Bank of Canada now owns 7,479,465 shares of the company’s stock worth $318,176,000 after acquiring an additional 1,223,486 shares during the period. D.A. Davidson & CO. grew its stake in shares of Capital Group Dividend Value ETF by 1.3% during the 3rd quarter. D.A. Davidson & CO. now owns 3,780,677 shares of the company’s stock worth $184,686,000 after acquiring an additional 48,151 shares during the period. Finally, Johnson Bixby & Associates LLC increased its holdings in Capital Group Dividend Value ETF by 0.5% in the 3rd quarter. Johnson Bixby & Associates LLC now owns 2,152,340 shares of the company’s stock worth $105,142,000 after acquiring an additional 11,598 shares during the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of Capital Group Dividend Value ETF stock opened at $47.45 on Friday. Capital Group Dividend Value ETF has a 52-week low of $41.31 and a 52-week high of $51.63. The stock’s 50-day simple moving average is $49.29 and its 200 day simple moving average is $47.52. The stock has a market capitalization of $38.52 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 announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were given a dividend of $0.1522 per share. This is a boost 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 1.3%. The ex-dividend date 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.