Capital Group Dividend Value ETF $CGDV Stock: Signature Equity Partners LLC Increases Position

Signature Equity Partners LLC grew its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 1,823.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,250 shares of the company’s stock after purchasing an additional 41,002 shares during the quarter. Capital Group Dividend Value ETF comprises about 0.7% of Signature Equity Partners LLC’s holdings, making the stock its 21st biggest holding. Signature Equity Partners LLC’s holdings in Capital Group Dividend Value ETF were worth $2,113,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of CGDV. CoreCap Advisors LLC increased its holdings in shares of Capital Group Dividend Value ETF by 19.5% during 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 in the last quarter. Torren Management LLC purchased a new stake in Capital Group Dividend Value ETF in the first quarter worth about $58,000. Beacon Financial Strategies CORP bought a new stake in shares of Capital Group Dividend Value ETF during the 2nd quarter valued at $79,000. Abound Wealth Management boosted its stake in Capital Group Dividend Value ETF by 5,441.7% in the 2nd quarter. Abound Wealth Management now owns 1,995 shares of the company’s stock worth $98,000 after purchasing an additional 1,959 shares during the period. Finally, North Star Investment Management Corp. boosted its holdings in shares of Capital Group Dividend Value ETF by 162.5% during the 3rd quarter. North Star Investment Management Corp. now owns 2,100 shares of the company’s stock valued at $103,000 after purchasing an additional 1,300 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

NYSEARCA CGDV opened at $48.67 on Tuesday. The business has a 50 day simple moving average of $49.38 and a two-hundred day simple moving average of $47.46. Capital Group Dividend Value ETF has a 1-year low of $41.31 and a 1-year high of $51.63. The stock has a market capitalization of $38.77 billion, a PE ratio of 26.59 and a beta of 0.88.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were given a dividend of $0.1522 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.61 annualized dividend and a dividend yield of 1.3%. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471.

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.