Western Wealth Management LLC Has $29.89 Million Position in Capital Group Dividend Value ETF $CGDV

Western Wealth Management LLC increased its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 101.6% during the second quarter, Holdings Channel reports. The firm owned 756,871 shares of the company’s stock after acquiring an additional 381,493 shares during the period. Capital Group Dividend Value ETF makes up approximately 1.8% of Western Wealth Management LLC’s investment portfolio, making the stock its 10th biggest position. Western Wealth Management LLC’s holdings in Capital Group Dividend Value ETF were worth $29,889,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CGDV. Beta Wealth Group Inc. lifted its holdings in shares of Capital Group Dividend Value ETF by 0.3% during the 2nd quarter. Beta Wealth Group Inc. now owns 225,272 shares of the company’s stock worth $8,896,000 after acquiring an additional 586 shares during the period. Rockefeller Capital Management L.P. lifted its stake in Capital Group Dividend Value ETF by 8.2% during the second quarter. Rockefeller Capital Management L.P. now owns 123,821 shares of the company’s stock worth $4,890,000 after purchasing an additional 9,435 shares during the last quarter. Kingsview Wealth Management LLC boosted its holdings in shares of Capital Group Dividend Value ETF by 149.3% in the 2nd quarter. Kingsview Wealth Management LLC now owns 130,169 shares of the company’s stock valued at $5,140,000 after purchasing an additional 77,965 shares in the last quarter. Glaxis Capital Management LLC bought a new position in shares of Capital Group Dividend Value ETF in the 2nd quarter valued at $276,000. Finally, Thoroughbred Financial Services LLC raised its holdings in shares of Capital Group Dividend Value ETF by 118.2% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 321,347 shares of the company’s stock worth $12,690,000 after buying an additional 174,074 shares in the last quarter.

Capital Group Dividend Value ETF Stock Up 0.1%

Shares of CGDV stock opened at $42.88 on Friday. The business has a fifty day simple moving average of $42.30 and a 200 day simple moving average of $40.26. The company has a market cap of $24.20 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 $43.56.

Capital Group Dividend Value ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were issued a dividend of $0.1359 per share. This is a boost 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 annualized dividend and a dividend yield of 1.3%.

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.