Procyon Advisors LLC Boosts Holdings in Capital Group Dividend Value ETF $CGDV

Procyon Advisors LLC grew its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 5.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 774,793 shares of the company’s stock after buying an additional 36,827 shares during the period. Capital Group Dividend Value ETF accounts for approximately 0.6% of Procyon Advisors LLC’s holdings, making the stock its 11th biggest position. Procyon Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $32,564,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Trust Co. of Vermont bought a new stake in shares of Capital Group Dividend Value ETF in the second quarter worth approximately $29,000. Washington Trust Advisors Inc. bought a new position in shares of Capital Group Dividend Value ETF during the 2nd quarter valued at about $29,000. FNY Investment Advisers LLC bought a new stake in Capital Group Dividend Value ETF in the second quarter worth $35,000. Banco de Sabadell S.A purchased a new stake in shares of Capital Group Dividend Value ETF during the 2nd quarter valued at about $47,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Capital Group Dividend Value ETF by 38,200.0% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,149 shares of the company’s stock worth $48,000 after buying an additional 1,146 shares during the period.

Capital Group Dividend Value ETF Stock Performance

CGDV opened at $44.32 on Thursday. The stock’s 50 day moving average price is $43.52 and its 200-day moving average price is $42.17. Capital Group Dividend Value ETF has a one year low of $30.94 and a one year high of $44.60. The stock has a market cap of $28.81 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were given a dividend of $0.1928 per share. The ex-dividend date of this dividend was Friday, December 26th. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. This represents a $0.77 annualized dividend and a dividend yield of 1.7%.

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.