Integrated Wealth Concepts LLC Boosts Stake in Capital Group Dividend Value ETF $CGDV

Integrated Wealth Concepts LLC lifted its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 10.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,607,954 shares of the company’s stock after acquiring an additional 158,471 shares during the period. Integrated Wealth Concepts LLC owned approximately 0.21% of Capital Group Dividend Value ETF worth $79,240,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Symphony Financial Ltd. Co. raised its position in Capital Group Dividend Value ETF by 3.8% during the second quarter. Symphony Financial Ltd. Co. now owns 5,641 shares of the company’s stock valued at $278,000 after purchasing an additional 204 shares in the last quarter. CoreCap Advisors LLC raised its holdings in shares of Capital Group Dividend Value ETF by 19.5% during the 2nd quarter. CoreCap Advisors LLC now owns 1,338 shares of the company’s stock valued at $66,000 after buying an additional 218 shares in the last quarter. Berger Financial Group Inc lifted its position in Capital Group Dividend Value ETF by 3.1% in the 1st quarter. Berger Financial Group Inc now owns 7,519 shares of the company’s stock worth $320,000 after buying an additional 224 shares during the last quarter. Clark Capital Management Group Inc. boosted its stake in Capital Group Dividend Value ETF by 2.4% in the third quarter. Clark Capital Management Group Inc. now owns 9,984 shares of the company’s stock worth $420,000 after buying an additional 238 shares in the last quarter. Finally, Cim LLC boosted its stake in Capital Group Dividend Value ETF by 2.3% in the third quarter. Cim LLC now owns 11,280 shares of the company’s stock worth $474,000 after buying an additional 250 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA CGDV opened at $49.91 on Wednesday. The stock has a market capitalization of $37.85 billion, a P/E ratio of 26.59 and a beta of 0.88. The firm’s 50 day simple moving average is $49.81 and its two-hundred day simple moving average is $47.43. Capital Group Dividend Value ETF has a one year low of $41.24 and a one year high of $51.63.

Capital Group Dividend Value ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were issued a $0.1471 dividend. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.11. This represents a $0.59 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Tuesday, June 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. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.