Capital Group Dividend Value ETF $CGDV Shares Purchased by Private Advisor Group LLC

Private Advisor Group LLC raised its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 8.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,139,162 shares of the company’s stock after buying an additional 257,621 shares during the quarter. Capital Group Dividend Value ETF makes up approximately 0.6% of Private Advisor Group LLC’s holdings, making the stock its 22nd largest holding. Private Advisor Group LLC owned 0.56% of Capital Group Dividend Value ETF worth $131,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Lincoln Capital LLC lifted its holdings in shares of Capital Group Dividend Value ETF by 1.4% during the 3rd quarter. Lincoln Capital LLC now owns 16,640 shares of the company’s stock worth $705,000 after acquiring an additional 235 shares during the period. GPS Wealth Strategies Group LLC grew its holdings in Capital Group Dividend Value ETF by 2.0% in the third quarter. GPS Wealth Strategies Group LLC now owns 13,083 shares of the company’s stock valued at $550,000 after purchasing an additional 252 shares during the period. Ameriprise Financial Inc. increased its position in Capital Group Dividend Value ETF by 1.7% during the second quarter. Ameriprise Financial Inc. now owns 16,080 shares of the company’s stock worth $635,000 after purchasing an additional 263 shares during the last quarter. Fiduciary Alliance LLC increased its position in Capital Group Dividend Value ETF by 0.9% during the third quarter. Fiduciary Alliance LLC now owns 31,880 shares of the company’s stock worth $1,340,000 after purchasing an additional 276 shares during the last quarter. Finally, Atlas Legacy Advisors LLC raised its stake in Capital Group Dividend Value ETF by 0.9% during the third quarter. Atlas Legacy Advisors LLC now owns 42,118 shares of the company’s stock worth $1,770,000 after purchasing an additional 362 shares during the period.

Capital Group Dividend Value ETF Stock Down 1.3%

NYSEARCA:CGDV opened at $44.14 on Monday. The company has a market cap of $28.19 billion, a P/E ratio of 26.59 and a beta of 0.89. The firm’s 50 day moving average is $44.81 and its two-hundred day moving average is $43.34. Capital Group Dividend Value ETF has a fifty-two week low of $30.94 and a fifty-two week high of $46.01.

Capital Group Dividend Value ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were issued a dividend of $0.1928 per share. This represents a $0.77 dividend on an annualized basis and a dividend 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.

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.