Capital Group Dividend Value ETF $CGDV Stake Lifted by Seamount Financial Group Inc.

Seamount Financial Group Inc. grew its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 10.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 195,566 shares of the company’s stock after buying an additional 18,903 shares during the quarter. Capital Group Dividend Value ETF accounts for 4.0% of Seamount Financial Group Inc.’s holdings, making the stock its 4th largest holding. Seamount Financial Group Inc.’s holdings in Capital Group Dividend Value ETF were worth $7,723,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CGDV. LPL Financial LLC raised its holdings in shares of Capital Group Dividend Value ETF by 34.0% in the first quarter. LPL Financial LLC now owns 29,452,035 shares of the company’s stock valued at $1,049,670,000 after acquiring an additional 7,468,408 shares in the last quarter. Raymond James Financial Inc. increased its position in Capital Group Dividend Value ETF by 1.8% during the 1st quarter. Raymond James Financial Inc. now owns 17,353,649 shares of the company’s stock valued at $618,484,000 after purchasing an additional 301,908 shares during the period. Envestnet Asset Management Inc. increased its position in Capital Group Dividend Value ETF by 36.6% during the 1st 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. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Capital Group Dividend Value ETF by 19.1% in the 1st 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 in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Capital Group Dividend Value ETF by 19.8% in the 1st quarter. Cetera Investment Advisers now owns 10,119,747 shares of the company’s stock worth $360,668,000 after purchasing an additional 1,672,691 shares during the period.

Capital Group Dividend Value ETF Stock Performance

NYSEARCA CGDV opened at $42.43 on Tuesday. The company has a market cap of $22.81 billion, a PE ratio of 26.59 and a beta of 0.91. The firm’s 50 day moving average price is $41.42 and its 200-day moving average price is $38.60. Capital Group Dividend Value ETF has a 52-week low of $30.94 and a 52-week high of $42.53.

Capital Group Dividend Value ETF Increases Dividend

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

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.