Platt Wealth Management LLC Sells 26,229 Shares of Capital Group Dividend Value ETF $CGDV

Platt Wealth Management LLC trimmed its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 6.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 401,667 shares of the company’s stock after selling 26,229 shares during the period. Capital Group Dividend Value ETF makes up approximately 15.3% of Platt Wealth Management LLC’s investment portfolio, making the stock its largest holding. Platt Wealth Management LLC’s holdings in Capital Group Dividend Value ETF were worth $19,621,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CGDV. Cetera Investment Advisers raised its position in Capital Group Dividend Value ETF by 12.0% in the 1st quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock valued at $781,004,000 after buying an additional 1,959,868 shares during the last quarter. WNY Asset Management LLC bought a new stake in Capital Group Dividend Value ETF in the 1st quarter valued at approximately $67,648,000. Royal Bank of Canada lifted its stake in Capital Group Dividend Value ETF by 19.6% in the 1st quarter. Royal Bank of Canada now owns 7,479,465 shares of the company’s stock valued at $318,176,000 after acquiring an additional 1,223,486 shares in the last quarter. Bank of America Corp DE lifted its stake in Capital Group Dividend Value ETF by 7.0% in the 1st quarter. Bank of America Corp DE now owns 17,913,033 shares of the company’s stock valued at $762,020,000 after acquiring an additional 1,166,097 shares in the last quarter. Finally, First Pacific Financial boosted its position in Capital Group Dividend Value ETF by 526.1% during the 3rd quarter. First Pacific Financial now owns 1,067,781 shares of the company’s stock worth $52,161,000 after acquiring an additional 897,226 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

NYSEARCA:CGDV opened at $47.42 on Monday. The company has a market cap of $37.81 billion, a P/E ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a twelve month low of $41.31 and a twelve month high of $51.63. The business has a 50 day moving average price of $49.23 and a two-hundred day moving average price of $47.54.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were given a $0.1522 dividend. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, September 30th.

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. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.