Capital Group Dividend Value ETF $CGDV Stock Sold by Midwest Heritage Bank FSB

Midwest Heritage Bank FSB reduced its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 2.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 703,021 shares of the company’s stock after selling 17,331 shares during the quarter. Capital Group Dividend Value ETF accounts for about 10.0% of Midwest Heritage Bank FSB’s investment portfolio, making the stock its 3rd biggest holding. Midwest Heritage Bank FSB’s holdings in Capital Group Dividend Value ETF were worth $34,343,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Bayban acquired a new position in Capital Group Dividend Value ETF during the first quarter worth $36,000. Torren Management LLC acquired a new stake in Capital Group Dividend Value ETF in the first quarter valued at $58,000. Bellevue Asset Management LLC acquired a new stake in Capital Group Dividend Value ETF in the first quarter valued at $62,000. CoreCap Advisors LLC lifted its holdings in Capital Group Dividend Value ETF by 19.5% in the second quarter. CoreCap Advisors LLC now owns 1,338 shares of the company’s stock valued at $66,000 after acquiring an additional 218 shares during the period. Finally, Beacon Financial Strategies CORP purchased a new stake in shares of Capital Group Dividend Value ETF during the 2nd quarter worth $79,000.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA CGDV opened at $48.83 on Tuesday. Capital Group Dividend Value ETF has a one year low of $41.31 and a one year high of $51.63. The firm has a market capitalization of $39.51 billion, a P/E ratio of 26.59 and a beta of 0.88. The company’s fifty day moving average is $49.50 and its two-hundred day moving average is $47.34.

Capital Group Dividend Value ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were paid a $0.1522 dividend. This represents a $0.61 annualized dividend and a dividend 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.