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

Valmark Advisers Inc. increased its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 5.6% during the 2nd quarter, Holdings Channel reports. The firm owned 877,731 shares of the company’s stock after purchasing an additional 46,844 shares during the quarter. Valmark Advisers Inc.’s holdings in Capital Group Dividend Value ETF were worth $34,662,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in Capital Group Dividend Value ETF by 34.0% during the first quarter. LPL Financial LLC now owns 29,452,035 shares of the company’s stock worth $1,049,670,000 after purchasing an additional 7,468,408 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in Capital Group Dividend Value ETF by 1.8% during the first quarter. Raymond James Financial Inc. now owns 17,353,649 shares of the company’s stock worth $618,484,000 after purchasing an additional 301,908 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Capital Group Dividend Value ETF by 36.6% during the first quarter. Envestnet Asset Management Inc. now owns 15,207,625 shares of the company’s stock worth $542,000,000 after purchasing an additional 4,071,484 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Capital Group Dividend Value ETF by 19.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 13,831,238 shares of the company’s stock worth $492,945,000 after acquiring an additional 2,220,112 shares during the period. Finally, Cetera Investment Advisers raised its position in Capital Group Dividend Value ETF by 19.8% in the first quarter. Cetera Investment Advisers now owns 10,119,747 shares of the company’s stock worth $360,668,000 after acquiring an additional 1,672,691 shares during the period.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV stock opened at $42.34 on Wednesday. The firm has a market cap of $22.77 billion, a price-to-earnings ratio of 26.59 and a beta of 0.91. Capital Group Dividend Value ETF has a 52 week low of $30.94 and a 52 week high of $42.53. The firm’s 50-day simple moving average is $41.45 and its two-hundred day simple moving average is $38.63.

Capital Group Dividend Value ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 30th were given a $0.1359 dividend. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13. This represents a $0.54 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, 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.