Menora Mivtachim Holdings LTD. Grows Stock Position in Capital Group Dividend Value ETF $CGDV

Menora Mivtachim Holdings LTD. raised its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 4.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 310,856 shares of the company’s stock after buying an additional 12,372 shares during the quarter. Menora Mivtachim Holdings LTD. owned about 0.06% of Capital Group Dividend Value ETF worth $13,065,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CGDV. Raymond James Financial Inc. raised its stake in Capital Group Dividend Value ETF by 11.5% in the 2nd quarter. Raymond James Financial Inc. now owns 19,353,624 shares of the company’s stock valued at $764,275,000 after acquiring an additional 1,999,975 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Capital Group Dividend Value ETF by 4.0% during the third quarter. Envestnet Asset Management Inc. now owns 17,388,906 shares of the company’s stock valued at $730,856,000 after purchasing an additional 668,214 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Capital Group Dividend Value ETF by 10.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 15,328,061 shares of the company’s stock worth $605,305,000 after purchasing an additional 1,496,823 shares during the period. Bank of America Corp DE boosted its position in Capital Group Dividend Value ETF by 23.1% during the second quarter. Bank of America Corp DE now owns 13,179,947 shares of the company’s stock worth $520,476,000 after purchasing an additional 2,471,984 shares during the period. Finally, Cetera Investment Advisers increased its stake in shares of Capital Group Dividend Value ETF by 17.1% in the second quarter. Cetera Investment Advisers now owns 11,850,016 shares of the company’s stock worth $467,957,000 after purchasing an additional 1,730,269 shares in the last quarter.

Capital Group Dividend Value ETF Stock Down 1.9%

NYSEARCA CGDV opened at $43.70 on Friday. The company’s 50 day moving average is $44.86 and its 200-day moving average is $43.39. Capital Group Dividend Value ETF has a 12-month low of $30.94 and a 12-month high of $46.01. The firm has a market cap of $27.91 billion, a P/E ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were paid a $0.1928 dividend. The ex-dividend date was Friday, December 26th. This represents a $0.77 dividend on an annualized basis and a yield of 1.8%. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14.

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.