Envestnet Asset Management Inc. Grows Stake in Capital Group Dividend Value ETF $CGDV

Envestnet Asset Management Inc. boosted its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 4.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,388,906 shares of the company’s stock after purchasing an additional 668,214 shares during the quarter. Envestnet Asset Management Inc. owned approximately 3.09% of Capital Group Dividend Value ETF worth $730,856,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in CGDV. Washington Trust Advisors Inc. purchased a new stake in shares of Capital Group Dividend Value ETF during the second quarter worth about $29,000. FNY Investment Advisers LLC bought a new stake in Capital Group Dividend Value ETF during the 2nd quarter valued at approximately $35,000. Banco de Sabadell S.A purchased a new stake in shares of Capital Group Dividend Value ETF during the 2nd quarter valued at about $47,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Capital Group Dividend Value ETF by 38,200.0% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,149 shares of the company’s stock worth $48,000 after acquiring an additional 1,146 shares during the last quarter. Finally, Trust Co. of Vermont increased its stake in shares of Capital Group Dividend Value ETF by 83.0% during the third quarter. Trust Co. of Vermont now owns 1,347 shares of the company’s stock valued at $57,000 after buying an additional 611 shares during the period.

Capital Group Dividend Value ETF Price Performance

Shares of CGDV opened at $44.73 on Wednesday. Capital Group Dividend Value ETF has a 1-year low of $30.94 and a 1-year high of $45.15. The firm has a market capitalization of $28.49 billion, a PE ratio of 26.59 and a beta of 0.89. The company’s fifty day moving average price is $44.04 and its 200-day moving average price is $42.60.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were paid 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 of this dividend was Friday, December 26th.

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. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.