Sunrise Financial Services LLC Purchases 45,391 Shares of Capital Group Dividend Value ETF $CGDV

Sunrise Financial Services LLC boosted its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 9.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 516,076 shares of the company’s stock after buying an additional 45,391 shares during the quarter. Capital Group Dividend Value ETF accounts for approximately 14.0% of Sunrise Financial Services LLC’s investment portfolio, making the stock its largest position. Sunrise Financial Services LLC’s holdings in Capital Group Dividend Value ETF were worth $25,210,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CGDV. Fifth Third Securities Inc. raised its position in Capital Group Dividend Value ETF by 18.9% in the third quarter. Fifth Third Securities Inc. now owns 92,265 shares of the company’s stock worth $4,507,000 after acquiring an additional 14,669 shares in the last quarter. Sowell Financial Services LLC lifted its holdings in Capital Group Dividend Value ETF by 201.4% in the 3rd quarter. Sowell Financial Services LLC now owns 61,954 shares of the company’s stock valued at $3,026,000 after acquiring an additional 41,401 shares during the last quarter. Carnegie Investment Counsel lifted its holdings in Capital Group Dividend Value ETF by 18.4% in the 3rd quarter. Carnegie Investment Counsel now owns 25,284 shares of the company’s stock valued at $1,235,000 after acquiring an additional 3,925 shares during the last quarter. Integrated Advisors Network LLC boosted its position in shares of Capital Group Dividend Value ETF by 14.8% during the 3rd quarter. Integrated Advisors Network LLC now owns 28,063 shares of the company’s stock valued at $1,371,000 after purchasing an additional 3,609 shares in the last quarter. Finally, Diversify Advisory Services LLC boosted its position in shares of Capital Group Dividend Value ETF by 3.9% during the 3rd quarter. Diversify Advisory Services LLC now owns 221,217 shares of the company’s stock valued at $10,926,000 after purchasing an additional 8,370 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of CGDV opened at $49.18 on Thursday. The firm’s 50 day moving average is $49.63 and its 200-day moving average is $48.58. The stock has a market capitalization of $39.00 billion, a P/E ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 12-month low of $41.31 and a 12-month high of $51.63.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were paid a dividend of $0.1522 per share. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471. This represents a $0.61 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, September 30th.

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.