Valmark Advisers Inc. Boosts Holdings in Capital Group Dividend Value ETF $CGDV

Valmark Advisers Inc. raised its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 7.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 943,458 shares of the company’s stock after acquiring an additional 65,727 shares during the period. Valmark Advisers Inc. owned approximately 0.17% of Capital Group Dividend Value ETF worth $39,654,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CGDV. Trust Co. of Vermont bought a new position in Capital Group Dividend Value ETF during the 2nd quarter valued at about $29,000. Washington Trust Advisors Inc. purchased a new position in shares of Capital Group Dividend Value ETF during the second quarter valued at approximately $29,000. FNY Investment Advisers LLC bought a new position in shares of Capital Group Dividend Value ETF during the second quarter valued at approximately $35,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of 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 valued at $48,000 after buying an additional 1,146 shares during the last quarter. Finally, Banco de Sabadell S.A purchased a new stake in shares of Capital Group Dividend Value ETF in the second quarter worth approximately $47,000.

Capital Group Dividend Value ETF Stock Up 0.7%

CGDV opened at $44.46 on Friday. The business has a fifty day moving average of $43.41 and a 200 day moving average of $42.03. The stock has a market cap of $27.12 billion, a P/E ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 52-week low of $30.94 and a 52-week high of $44.50.

Capital Group Dividend Value ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were paid a dividend of $0.1928 per share. This is an increase 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 dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, December 26th.

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.