Simplicity Wealth LLC Lowers Stock Holdings in Capital Group Dividend Value ETF $CGDV

Simplicity Wealth LLC cut its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 58.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,701 shares of the company’s stock after selling 48,979 shares during the period. Simplicity Wealth LLC’s holdings in Capital Group Dividend Value ETF were worth $1,458,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CGDV. Trust Co. of Vermont acquired a new position in shares of Capital Group Dividend Value ETF in the second quarter valued at approximately $29,000. Washington Trust Advisors Inc. purchased a new position in Capital Group Dividend Value ETF in the 2nd quarter valued at $29,000. FNY Investment Advisers LLC purchased a new position in Capital Group Dividend Value ETF in the 2nd quarter valued at $35,000. Banco de Sabadell S.A acquired a new position in Capital Group Dividend Value ETF in the 2nd quarter valued at $47,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in Capital Group Dividend Value ETF by 38,200.0% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,149 shares of the company’s stock worth $48,000 after buying an additional 1,146 shares during the last quarter.

Capital Group Dividend Value ETF Stock Performance

CGDV stock opened at $44.34 on Friday. The stock has a market capitalization of $27.79 billion, a PE ratio of 26.59 and a beta of 0.89. The company has a fifty day moving average of $43.68 and a 200-day moving average of $42.33. Capital Group Dividend Value ETF has a one year low of $30.94 and a one year high of $44.67.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were given a dividend of $0.1928 per share. This represents a $0.77 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, December 26th. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14.

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.