Prospera Financial Services Inc Increases Holdings in Capital Group Dividend Value ETF $CGDV

Prospera Financial Services Inc boosted its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 6.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,115,043 shares of the company’s stock after purchasing an additional 67,867 shares during the period. Capital Group Dividend Value ETF comprises 0.8% of Prospera Financial Services Inc’s investment portfolio, making the stock its 20th biggest position. Prospera Financial Services Inc owned approximately 0.20% of Capital Group Dividend Value ETF worth $46,866,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CGDV. AQR Capital Management LLC acquired a new stake in Capital Group Dividend Value ETF during the 1st quarter valued at $236,000. US Bancorp DE lifted its position in shares of Capital Group Dividend Value ETF by 5.9% in the second quarter. US Bancorp DE now owns 111,193 shares of the company’s stock valued at $4,391,000 after acquiring an additional 6,170 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Capital Group Dividend Value ETF by 26.8% during the second quarter. Blue Trust Inc. now owns 1,522 shares of the company’s stock valued at $60,000 after acquiring an additional 322 shares during the last quarter. Hazlett Burt & Watson Inc. increased its position in Capital Group Dividend Value ETF by 6,083.2% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 15,829 shares of the company’s stock worth $625,000 after purchasing an additional 15,573 shares in the last quarter. Finally, Bill Few Associates Inc. raised its stake in Capital Group Dividend Value ETF by 21.2% in the 2nd quarter. Bill Few Associates Inc. now owns 123,862 shares of the company’s stock valued at $4,891,000 after purchasing an additional 21,699 shares during the last quarter.

Capital Group Dividend Value ETF Trading Up 0.4%

NYSEARCA:CGDV opened at $45.64 on Tuesday. Capital Group Dividend Value ETF has a 12-month low of $30.94 and a 12-month high of $45.75. The firm has a market cap of $29.15 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The company’s 50-day moving average is $44.15 and its two-hundred day moving average is $42.72.

Capital Group Dividend Value ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were issued a $0.1928 dividend. The ex-dividend date 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 dividend on an annualized basis and a yield of 1.7%.

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