Capital Group Dividend Value ETF $CGDV Shares Acquired by Truist Financial Corp

Truist Financial Corp lifted its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 1.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,172,718 shares of the company’s stock after buying an additional 15,234 shares during the period. Truist Financial Corp owned approximately 0.24% of Capital Group Dividend Value ETF worth $46,311,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CGDV. Hughes Financial Services LLC purchased a new position in shares of Capital Group Dividend Value ETF during the first quarter worth $28,000. Capital Analysts LLC purchased a new position in shares of Capital Group Dividend Value ETF during the first quarter worth $30,000. Golden State Wealth Management LLC purchased a new position in shares of Capital Group Dividend Value ETF during the first quarter worth $32,000. Fifth Third Bancorp purchased a new position in shares of Capital Group Dividend Value ETF during the first quarter worth $37,000. Finally, ORG Partners LLC raised its holdings in shares of Capital Group Dividend Value ETF by 100.4% during the first quarter. ORG Partners LLC now owns 1,102 shares of the company’s stock worth $39,000 after purchasing an additional 552 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of Capital Group Dividend Value ETF stock opened at $42.37 on Friday. The firm has a fifty day moving average price of $41.38 and a 200 day moving average price of $38.48. Capital Group Dividend Value ETF has a 1 year low of $30.94 and a 1 year high of $42.50. The stock has a market cap of $20.79 billion, a PE ratio of 26.59 and a beta of 0.91.

Capital Group Dividend Value ETF Increases Dividend

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

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.