KWB Wealth Raises Stock Holdings in Capital Group Dividend Value ETF $CGDV

KWB Wealth grew its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 51.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 302,429 shares of the company’s stock after buying an additional 102,375 shares during the quarter. Capital Group Dividend Value ETF accounts for 1.3% of KWB Wealth’s investment portfolio, making the stock its 17th largest position. KWB Wealth owned about 0.06% of Capital Group Dividend Value ETF worth $11,943,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CGDV. PNC Financial Services Group Inc. raised its position in Capital Group Dividend Value ETF by 92.9% during the first quarter. PNC Financial Services Group Inc. now owns 3,010 shares of the company’s stock worth $107,000 after acquiring an additional 1,450 shares during the period. Venture Visionary Partners LLC raised its position in shares of Capital Group Dividend Value ETF by 50.9% during the 1st quarter. Venture Visionary Partners LLC now owns 10,022 shares of the company’s stock worth $357,000 after purchasing an additional 3,381 shares during the last quarter. Tradition Wealth Management LLC boosted its holdings in Capital Group Dividend Value ETF by 3.3% in the 1st quarter. Tradition Wealth Management LLC now owns 27,974 shares of the company’s stock worth $997,000 after buying an additional 883 shares during the last quarter. Capital Analysts LLC purchased a new stake in Capital Group Dividend Value ETF during the 1st quarter worth approximately $30,000. Finally, Aspire Growth Partners LLC raised its holdings in shares of Capital Group Dividend Value ETF by 43.6% during the first quarter. Aspire Growth Partners LLC now owns 86,071 shares of the company’s stock valued at $3,048,000 after acquiring an additional 26,126 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA:CGDV opened at $42.91 on Thursday. The business’s 50 day moving average price is $42.85 and its 200-day moving average price is $41.37. The firm has a market capitalization of $24.21 billion, a PE ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 1 year low of $30.94 and a 1 year high of $43.93.

Capital Group Dividend Value ETF Increases Dividend

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

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.