Capital Group Dividend Value ETF $CGDV Stock: Kestra Advisory Services LLC Increases Stake

Kestra Advisory Services LLC grew its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 9.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,609,979 shares of the company’s stock after purchasing an additional 654,911 shares during the quarter. Capital Group Dividend Value ETF makes up 1.0% of Kestra Advisory Services LLC’s investment portfolio, making the stock its 11th largest holding. Kestra Advisory Services LLC owned 0.96% of Capital Group Dividend Value ETF worth $371,747,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CGDV. Provenance Wealth Advisors LLC purchased a new position in shares of Capital Group Dividend Value ETF in the 3rd quarter worth about $33,000. Torren Management LLC bought a new position in Capital Group Dividend Value ETF during the first quarter valued at about $58,000. CoreCap Advisors LLC grew its position in 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 buying an additional 218 shares during the period. Compass Financial Management LLC bought a new position in Capital Group Dividend Value ETF during the third quarter valued at about $73,000. Finally, Beacon Financial Strategies CORP purchased a new stake in Capital Group Dividend Value ETF during the second quarter worth about $79,000.

Capital Group Dividend Value ETF Stock Performance

NYSEARCA CGDV opened at $47.45 on Friday. The company has a market capitalization of $38.52 billion, a PE ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 52-week low of $41.31 and a 52-week high of $51.63. The company has a 50-day simple moving average of $49.29 and a 200 day simple moving average of $47.52.

Capital Group Dividend Value ETF Increases Dividend

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