Focus Financial Network Inc. Acquires 19,507 Shares of Capital Group Dividend Value ETF $CGDV

Focus Financial Network Inc. increased its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 43.6% during the third quarter, Holdings Channel.com reports. The fund owned 64,286 shares of the company’s stock after purchasing an additional 19,507 shares during the quarter. Focus Financial Network Inc.’s holdings in Capital Group Dividend Value ETF were worth $2,711,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of CGDV. Capital Analysts LLC acquired a new position in shares of Capital Group Dividend Value ETF during the 1st quarter worth approximately $30,000. Northwestern Mutual Wealth Management Co. grew its position in Capital Group Dividend Value ETF by 19.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 13,831,238 shares of the company’s stock worth $492,945,000 after buying an additional 2,220,112 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Capital Group Dividend Value ETF by 65.2% during the 1st quarter. Smartleaf Asset Management LLC now owns 128,788 shares of the company’s stock worth $4,568,000 after acquiring an additional 50,822 shares during the period. Evergreen Wealth Solutions LLC increased its stake in Capital Group Dividend Value ETF by 29.7% during the 1st quarter. Evergreen Wealth Solutions LLC now owns 48,345 shares of the company’s stock worth $1,723,000 after acquiring an additional 11,063 shares during the period. Finally, Jane Street Group LLC raised its holdings in Capital Group Dividend Value ETF by 51.9% in the 1st quarter. Jane Street Group LLC now owns 734,962 shares of the company’s stock valued at $26,194,000 after acquiring an additional 250,994 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

CGDV opened at $43.62 on Friday. Capital Group Dividend Value ETF has a 52-week low of $30.94 and a 52-week high of $43.93. The firm has a market cap of $24.61 billion, a P/E ratio of 26.59 and a beta of 0.89. The business’s fifty day moving average is $42.92 and its 200-day moving average is $41.45.

Capital Group Dividend Value ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were given a $0.1359 dividend. This represents a $0.54 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Tuesday, September 30th. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13.

Capital Group Dividend Value ETF Company 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.