Harbour Investments Inc. Purchases 64,918 Shares of Capital Group Dividend Value ETF $CGDV

Harbour Investments Inc. boosted its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 13.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 559,204 shares of the company’s stock after acquiring an additional 64,918 shares during the period. Capital Group Dividend Value ETF accounts for 0.6% of Harbour Investments Inc.’s portfolio, making the stock its 29th largest position. Harbour Investments Inc. owned 0.12% of Capital Group Dividend Value ETF worth $22,083,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CGDV. Hughes Financial Services LLC acquired a new position in Capital Group Dividend Value ETF in the first quarter valued at about $28,000. Trust Co. of Vermont acquired a new position in Capital Group Dividend Value ETF in the second quarter valued at about $29,000. Capital Analysts LLC acquired a new position in Capital Group Dividend Value ETF in the first quarter valued at about $30,000. Golden State Wealth Management LLC acquired a new position in Capital Group Dividend Value ETF in the first quarter valued at about $32,000. Finally, Fifth Third Bancorp acquired a new position in Capital Group Dividend Value ETF in the first quarter valued at about $37,000.

Capital Group Dividend Value ETF Trading Down 0.1%

NYSEARCA:CGDV opened at $41.77 on Wednesday. Capital Group Dividend Value ETF has a 1-year low of $30.94 and a 1-year high of $42.66. The business’s 50-day moving average price is $41.59 and its two-hundred day moving average price is $38.83. The firm has a market capitalization of $22.63 billion, a price-to-earnings ratio of 26.59 and a beta of 0.91.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were given a dividend of $0.1359 per share. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend 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.