Financial Council LLC Cuts Stock Holdings in Capital Group Dividend Value ETF $CGDV

Financial Council LLC trimmed its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 8.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,628 shares of the company’s stock after selling 3,651 shares during the period. Capital Group Dividend Value ETF accounts for 0.8% of Financial Council LLC’s portfolio, making the stock its 26th largest holding. Financial Council LLC’s holdings in Capital Group Dividend Value ETF were worth $1,565,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. Warner Financial Inc. grew its stake in Capital Group Dividend Value ETF by 3.4% during the first quarter. Warner Financial Inc. now owns 10,242 shares of the company’s stock valued at $365,000 after acquiring an additional 341 shares in the last quarter. Lodestar Private Asset Management LLC lifted its position in Capital Group Dividend Value ETF by 0.4% during the first quarter. Lodestar Private Asset Management LLC now owns 81,168 shares of the company’s stock valued at $2,893,000 after purchasing an additional 353 shares during the last quarter. MSH Capital Advisors LLC lifted its position in Capital Group Dividend Value ETF by 1.4% during the first quarter. MSH Capital Advisors LLC now owns 28,152 shares of the company’s stock valued at $1,003,000 after purchasing an additional 383 shares during the last quarter. Cornerstone Wealth Management LLC lifted its position in Capital Group Dividend Value ETF by 2.0% during the first quarter. Cornerstone Wealth Management LLC now owns 21,024 shares of the company’s stock valued at $749,000 after purchasing an additional 404 shares during the last quarter. Finally, Perigon Wealth Management LLC lifted its position in Capital Group Dividend Value ETF by 0.9% during the first quarter. Perigon Wealth Management LLC now owns 49,239 shares of the company’s stock valued at $1,755,000 after purchasing an additional 442 shares during the last quarter.

Capital Group Dividend Value ETF Stock Down 0.1%

CGDV stock opened at $42.34 on Friday. Capital Group Dividend Value ETF has a 52 week low of $30.94 and a 52 week high of $42.53. The company has a fifty day simple moving average of $41.40 and a two-hundred day simple moving average of $38.52. The firm has a market capitalization of $22.54 billion, a P/E ratio of 26.59 and a beta of 0.91.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently disclosed 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 represents a $0.54 annualized dividend and a 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.