26,711 Capital Group Dividend Value ETF $CGDV Shares Purchased by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC boosted its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 14.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 217,319 shares of the company’s stock after acquiring an additional 26,711 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $10,616,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CGDV. Cypress Capital LLC raised its stake in shares of Capital Group Dividend Value ETF by 2.6% in the 3rd quarter. Cypress Capital LLC now owns 8,627 shares of the company’s stock valued at $421,000 after acquiring an additional 217 shares during the period. Kenora Financial LLC acquired a new position in shares of Capital Group Dividend Value ETF in the 3rd quarter worth approximately $350,000. Vestia Personal Wealth Advisors acquired a new position in shares of Capital Group Dividend Value ETF in the 3rd quarter worth approximately $220,000. Novem Group boosted its position in shares of Capital Group Dividend Value ETF by 19.7% during the 3rd quarter. Novem Group now owns 216,288 shares of the company’s stock worth $10,566,000 after purchasing an additional 35,563 shares during the period. Finally, AA Financial Advisors LLC boosted its position in shares of Capital Group Dividend Value ETF by 3.0% during the 3rd quarter. AA Financial Advisors LLC now owns 951,821 shares of the company’s stock worth $46,496,000 after purchasing an additional 27,508 shares during the period.

Capital Group Dividend Value ETF Stock Performance

Capital Group Dividend Value ETF stock opened at $49.17 on Wednesday. Capital Group Dividend Value ETF has a fifty-two week low of $41.31 and a fifty-two week high of $51.63. The firm has a 50 day moving average price of $49.67 and a 200 day moving average price of $48.53. The company has a market capitalization of $38.99 billion, a PE ratio of 26.59 and a beta of 0.88.

Capital Group Dividend Value ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were paid a dividend of $0.1522 per share. This represents a $0.61 dividend on an annualized basis and a yield of 1.2%. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471. The ex-dividend date was Wednesday, September 30th.

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.