Mason Investment Advisory Services Inc. Has $20.02 Million Stock Position in Capital Group Dividend Value ETF $CGDV

Mason Investment Advisory Services Inc. raised its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 7.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 476,407 shares of the company’s stock after purchasing an additional 32,420 shares during the period. Capital Group Dividend Value ETF accounts for about 1.0% of Mason Investment Advisory Services Inc.’s holdings, making the stock its 9th biggest position. Mason Investment Advisory Services Inc. owned 0.08% of Capital Group Dividend Value ETF worth $20,023,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Harbor Investment Advisory LLC grew its position in shares of Capital Group Dividend Value ETF by 91.4% in the third quarter. Harbor Investment Advisory LLC now owns 49,925 shares of the company’s stock valued at $2,098,000 after purchasing an additional 23,845 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in Capital Group Dividend Value ETF during the 2nd quarter worth about $1,982,000. Future Financial Wealth Managment LLC bought a new position in Capital Group Dividend Value ETF in the 3rd quarter worth about $5,649,000. Fermata Advisors LLC grew its holdings in Capital Group Dividend Value ETF by 9.7% during the 3rd quarter. Fermata Advisors LLC now owns 214,171 shares of the company’s stock valued at $9,002,000 after buying an additional 19,012 shares in the last quarter. Finally, Creative Planning grew its holdings in Capital Group Dividend Value ETF by 12.5% during the 2nd quarter. Creative Planning now owns 33,817 shares of the company’s stock valued at $1,335,000 after buying an additional 3,747 shares in the last quarter.

Capital Group Dividend Value ETF Trading Down 0.6%

Shares of Capital Group Dividend Value ETF stock opened at $45.65 on Friday. Capital Group Dividend Value ETF has a 12-month low of $30.94 and a 12-month high of $46.01. The company has a market cap of $29.15 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The company’s 50-day moving average price is $44.69 and its 200-day moving average price is $43.14.

Capital Group Dividend Value ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were paid a $0.1928 dividend. The ex-dividend date was Friday, December 26th. 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.

About Capital Group Dividend Value ETF

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.