Capital Group Dividend Value ETF $CGDV Stake Lifted by Code Waechter LLC

Code Waechter LLC boosted its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 3.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 356,778 shares of the company’s stock after acquiring an additional 12,233 shares during the period. Capital Group Dividend Value ETF makes up 8.4% of Code Waechter LLC’s portfolio, making the stock its largest holding. Code Waechter LLC’s holdings in Capital Group Dividend Value ETF were worth $17,429,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Ameritas Advisory Services LLC lifted its stake in shares of Capital Group Dividend Value ETF by 179.5% in the 2nd quarter. Ameritas Advisory Services LLC now owns 1,092,250 shares of the company’s stock worth $53,826,000 after purchasing an additional 701,514 shares during the period. Capital Analysts LLC increased its position in Capital Group Dividend Value ETF by 27.8% in the second quarter. Capital Analysts LLC now owns 164,262 shares of the company’s stock worth $8,095,000 after buying an additional 35,765 shares in the last quarter. Guardian Wealth Advisors LLC NC increased its position in Capital Group Dividend Value ETF by 2.1% in the second quarter. Guardian Wealth Advisors LLC NC now owns 1,281,501 shares of the company’s stock worth $63,200,000 after buying an additional 26,012 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of Capital Group Dividend Value ETF by 2.1% in the second quarter. Concurrent Investment Advisors LLC now owns 971,237 shares of the company’s stock worth $47,863,000 after buying an additional 19,594 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC raised its stake in shares of Capital Group Dividend Value ETF by 101.6% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 130,038 shares of the company’s stock worth $5,532,000 after buying an additional 65,543 shares during the period.

Capital Group Dividend Value ETF Stock Down 0.6%

CGDV stock opened at $48.45 on Friday. Capital Group Dividend Value ETF has a twelve month low of $41.31 and a twelve month high of $51.63. The stock has a market cap of $38.46 billion, a P/E ratio of 26.59 and a beta of 0.88. The business’s 50-day moving average price is $49.52 and its 200-day moving average price is $48.62.

Capital Group Dividend Value ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were paid a dividend of $0.1522 per share. 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. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.3%.

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.