Capital Group Dividend Value ETF $CGDV Stock: Signature Equity Partners LLC Grows Stake

Signature Equity Partners LLC raised its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 1,823.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,250 shares of the company’s stock after purchasing an additional 41,002 shares during the period. Capital Group Dividend Value ETF accounts for approximately 0.7% of Signature Equity Partners LLC’s investment portfolio, making the stock its 21st largest holding. Signature Equity Partners LLC’s holdings in Capital Group Dividend Value ETF were worth $2,113,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Torren Management LLC purchased a new position in Capital Group Dividend Value ETF in the 1st quarter worth $58,000. CoreCap Advisors LLC grew its holdings in Capital Group Dividend Value ETF by 19.5% in 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 period. Beacon Financial Strategies CORP purchased a new stake in Capital Group Dividend Value ETF in the 2nd quarter worth $79,000. Abound Wealth Management increased its stake in shares of Capital Group Dividend Value ETF by 5,441.7% during the second quarter. Abound Wealth Management now owns 1,995 shares of the company’s stock worth $98,000 after purchasing an additional 1,959 shares in the last quarter. Finally, North Star Investment Management Corp. raised its holdings in shares of Capital Group Dividend Value ETF by 162.5% during the third quarter. North Star Investment Management Corp. now owns 2,100 shares of the company’s stock valued at $103,000 after acquiring an additional 1,300 shares during the last quarter.

Capital Group Dividend Value ETF Stock Performance

NYSEARCA CGDV opened at $48.67 on Tuesday. The business has a fifty day moving average price of $49.38 and a 200 day moving average price of $47.46. The company has a market cap of $38.77 billion, a P/E ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a one year low of $41.31 and a one year high of $51.63.

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 paid a $0.1522 dividend. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.61 dividend on an annualized basis 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. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.