VestGen Advisors LLC Acquires 278,133 Shares of Capital Group Dividend Value ETF $CGDV

VestGen Advisors LLC boosted its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 204.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 414,150 shares of the company’s stock after acquiring an additional 278,133 shares during the quarter. VestGen Advisors LLC owned about 0.08% of Capital Group Dividend Value ETF worth $16,633,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Raymond James Financial Inc. boosted its holdings in shares of Capital Group Dividend Value ETF by 1.8% in the 1st 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 period. Envestnet Asset Management Inc. lifted its position in Capital Group Dividend Value ETF by 9.9% in the second quarter. Envestnet Asset Management Inc. now owns 16,720,692 shares of the company’s stock worth $660,300,000 after buying an additional 1,513,067 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Capital Group Dividend Value ETF by 10.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 15,328,061 shares of the company’s stock worth $605,305,000 after buying an additional 1,496,823 shares during the last quarter. Cetera Investment Advisers boosted its stake in Capital Group Dividend Value ETF by 17.1% during the second quarter. Cetera Investment Advisers now owns 11,850,016 shares of the company’s stock worth $467,957,000 after buying an additional 1,730,269 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in Capital Group Dividend Value ETF by 6.2% during the second quarter. Commonwealth Equity Services LLC now owns 9,864,666 shares of the company’s stock valued at $389,556,000 after acquiring an additional 576,953 shares during the last quarter.

Capital Group Dividend Value ETF Trading Up 0.4%

Shares of CGDV opened at $43.84 on Friday. The company’s fifty day simple moving average is $42.50 and its 200-day simple moving average is $40.77. The company has a market cap of $24.74 billion, a P/E ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a twelve month low of $30.94 and a twelve month high of $43.86.

Capital Group Dividend Value ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were given a $0.1359 dividend. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.54 dividend on an annualized basis and a yield of 1.2%.

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.