Capital Group Dividend Value ETF $CGDV Shares Acquired by Mutual Advisors LLC

Mutual Advisors LLC raised its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 16.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 226,849 shares of the company’s stock after buying an additional 31,961 shares during the period. Mutual Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $9,675,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CGDV. Bank of America Corp DE increased its stake in shares of Capital Group Dividend Value ETF by 23.1% during the second quarter. Bank of America Corp DE now owns 13,179,947 shares of the company’s stock valued at $520,476,000 after acquiring an additional 2,471,984 shares during the period. Raymond James Financial Inc. boosted its stake in Capital Group Dividend Value ETF by 11.5% during the 2nd quarter. Raymond James Financial Inc. now owns 19,353,624 shares of the company’s stock valued at $764,275,000 after purchasing an additional 1,999,975 shares in the last quarter. Cetera Investment Advisers boosted its stake in Capital Group Dividend Value ETF by 17.1% during the 2nd quarter. Cetera Investment Advisers now owns 11,850,016 shares of the company’s stock valued at $467,957,000 after purchasing an additional 1,730,269 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Capital Group Dividend Value ETF by 9.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 16,720,692 shares of the company’s stock valued at $660,300,000 after purchasing an additional 1,513,067 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Capital Group Dividend Value ETF by 10.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 15,328,061 shares of the company’s stock valued at $605,305,000 after purchasing an additional 1,496,823 shares during the period.

Capital Group Dividend Value ETF Stock Performance

CGDV opened at $44.87 on Friday. The company has a market capitalization of $28.62 billion, a PE ratio of 26.59 and a beta of 0.89. The stock’s fifty day moving average is $43.96 and its 200-day moving average is $42.53. Capital Group Dividend Value ETF has a one year low of $30.94 and a one year high of $45.12.

Capital Group Dividend Value ETF Increases Dividend

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

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.