Hopwood Nicholas Hunter Invests $5.36 Million in Capital Group Dividend Value ETF $CGDV

Hopwood Nicholas Hunter acquired a new position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the 2nd quarter, HoldingsChannel reports. The fund acquired 108,680 shares of the company’s stock, valued at approximately $5,356,000. Capital Group Dividend Value ETF comprises about 1.5% of Hopwood Nicholas Hunter’s investment portfolio, making the stock its 20th largest holding.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CGDV. Tucker Asset Management LLC bought a new position in Capital Group Dividend Value ETF during the fourth quarter worth about $32,000. Flagship Wealth Advisors LLC bought a new position in Capital Group Dividend Value ETF in the 4th quarter worth approximately $32,000. Triumph Capital Management bought a new position in Capital Group Dividend Value ETF in the 3rd quarter worth approximately $32,000. TD Capital Management LLC purchased a new position in shares of Capital Group Dividend Value ETF in the fourth quarter valued at $34,000. Finally, Bayban bought a new stake in shares of Capital Group Dividend Value ETF during the 1st quarter valued at $36,000.

Capital Group Dividend Value ETF Stock Down 0.0%

Shares of NYSEARCA CGDV opened at $50.08 on Friday. The company has a market cap of $37.98 billion, a P/E ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 52 week low of $41.08 and a 52 week high of $51.63. The business has a 50-day simple moving average of $49.78 and a two-hundred day simple moving average of $47.36.

Capital Group Dividend Value ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were given a $0.1471 dividend. This represents a $0.59 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.11. The ex-dividend date was Tuesday, June 30th.

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.