Wedbush Securities Inc. Increases Stock Position in Capital Group Dividend Value ETF $CGDV

Wedbush Securities Inc. increased its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 20.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 239,488 shares of the company’s stock after acquiring an additional 40,042 shares during the quarter. Wedbush Securities Inc.’s holdings in Capital Group Dividend Value ETF were worth $10,066,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lincoln Capital LLC increased its stake in Capital Group Dividend Value ETF by 1.4% in the third quarter. Lincoln Capital LLC now owns 16,640 shares of the company’s stock valued at $705,000 after purchasing an additional 235 shares during the period. GPS Wealth Strategies Group LLC grew its holdings in shares of Capital Group Dividend Value ETF by 2.0% during the third quarter. GPS Wealth Strategies Group LLC now owns 13,083 shares of the company’s stock worth $550,000 after buying an additional 252 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Capital Group Dividend Value ETF by 1.7% during the second quarter. Ameriprise Financial Inc. now owns 16,080 shares of the company’s stock worth $635,000 after buying an additional 263 shares during the last quarter. Fiduciary Alliance LLC increased its position in Capital Group Dividend Value ETF by 0.9% in the 3rd quarter. Fiduciary Alliance LLC now owns 31,880 shares of the company’s stock valued at $1,340,000 after acquiring an additional 276 shares during the period. Finally, Blue Trust Inc. raised its stake in Capital Group Dividend Value ETF by 26.8% during the 2nd quarter. Blue Trust Inc. now owns 1,522 shares of the company’s stock valued at $60,000 after acquiring an additional 322 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA CGDV opened at $45.67 on Thursday. The company has a market cap of $29.16 billion, a PE ratio of 26.59 and a beta of 0.89. The stock has a fifty day moving average price of $44.24 and a 200 day moving average price of $42.77. Capital Group Dividend Value ETF has a 1-year low of $30.94 and a 1-year high of $45.94.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were issued a $0.1928 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.77 dividend on an annualized basis and a yield of 1.7%. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14.

Capital Group Dividend Value ETF Company 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.