Stratos Wealth Partners LTD. Increases Holdings in Capital Group Dividend Value ETF $CGDV

Stratos Wealth Partners LTD. raised its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 69.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 164,704 shares of the company’s stock after buying an additional 67,666 shares during the period. Stratos Wealth Partners LTD.’s holdings in Capital Group Dividend Value ETF were worth $6,923,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Washington Trust Advisors Inc. acquired a new position in shares of Capital Group Dividend Value ETF during the 2nd quarter valued at about $29,000. FNY Investment Advisers LLC purchased a new position in Capital Group Dividend Value ETF during the second quarter worth about $35,000. Banco de Sabadell S.A purchased a new position in Capital Group Dividend Value ETF during the second quarter worth about $47,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Capital Group Dividend Value ETF by 38,200.0% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,149 shares of the company’s stock valued at $48,000 after purchasing an additional 1,146 shares during the last quarter. Finally, Trust Co. of Vermont grew its stake in shares of Capital Group Dividend Value ETF by 83.0% in the 3rd quarter. Trust Co. of Vermont now owns 1,347 shares of the company’s stock valued at $57,000 after buying an additional 611 shares during the period.

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA CGDV opened at $45.29 on Friday. The company has a market capitalization of $28.92 billion, a P/E ratio of 26.59 and a beta of 0.89. The company has a 50 day simple moving average of $44.27 and a 200-day simple moving average of $42.79. Capital Group Dividend Value ETF has a 1 year low of $30.94 and a 1 year high of $46.01.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were paid a $0.1928 dividend. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Friday, December 26th. 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.