Orca Wealth Management LLC Raises Stock Position in Capital Group Dividend Value ETF $CGDV

Orca Wealth Management LLC raised its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 1.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,958 shares of the company’s stock after buying an additional 595 shares during the period. Capital Group Dividend Value ETF makes up approximately 1.8% of Orca Wealth Management LLC’s holdings, making the stock its 17th largest holding. Orca Wealth Management LLC’s holdings in Capital Group Dividend Value ETF were worth $2,131,000 at the end of the most recent reporting period.

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

Shares of Capital Group Dividend Value ETF stock opened at $42.34 on Friday. Capital Group Dividend Value ETF has a 12-month low of $30.94 and a 12-month high of $42.53. The stock has a market cap of $22.54 billion, a PE ratio of 26.59 and a beta of 0.91. The company has a 50-day moving average of $41.40 and a two-hundred day moving average of $38.54.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.1359 per share. This is a positive change 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 dividend on an annualized basis and a dividend yield of 1.3%.

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.