Capital International Investors Sells 1,189,928 Shares of Capital Group Dividend Value ETF $CGDV

Capital International Investors trimmed its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 5.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,501,357 shares of the company’s stock after selling 1,189,928 shares during the period. Capital International Investors owned approximately 3.99% of Capital Group Dividend Value ETF worth $945,732,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Bank of America Corp DE grew its holdings in shares of Capital Group Dividend Value ETF by 23.1% in the second quarter. Bank of America Corp DE now owns 13,179,947 shares of the company’s stock worth $520,476,000 after acquiring an additional 2,471,984 shares during the period. Jones Financial Companies Lllp lifted its holdings in Capital Group Dividend Value ETF by 39.1% in the third quarter. Jones Financial Companies Lllp now owns 7,854,486 shares of the company’s stock valued at $328,634,000 after acquiring an additional 2,208,093 shares during the period. Raymond James Financial Inc. lifted its holdings in Capital Group Dividend Value ETF by 11.5% in the second quarter. Raymond James Financial Inc. now owns 19,353,624 shares of the company’s stock valued at $764,275,000 after acquiring an additional 1,999,975 shares during the period. Cetera Investment Advisers boosted its position in Capital Group Dividend Value ETF by 17.1% in the second quarter. Cetera Investment Advisers now owns 11,850,016 shares of the company’s stock worth $467,957,000 after purchasing an additional 1,730,269 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Capital Group Dividend Value ETF by 10.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 15,328,061 shares of the company’s stock worth $605,305,000 after purchasing an additional 1,496,823 shares during the last quarter.

Capital Group Dividend Value ETF Stock Down 0.1%

Capital Group Dividend Value ETF stock opened at $44.49 on Wednesday. Capital Group Dividend Value ETF has a 52-week low of $30.94 and a 52-week high of $46.01. The company has a market cap of $28.41 billion, a P/E ratio of 26.59 and a beta of 0.89. The business has a 50-day simple moving average of $44.84 and a two-hundred day simple moving average of $43.38.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were given a dividend of $0.1928 per share. This represents a $0.77 annualized dividend and a yield of 1.7%. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, December 26th.

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.