IFP Advisors Inc Buys 33,843 Shares of Capital Group Dividend Value ETF $CGDV

IFP Advisors Inc increased its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 5.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 666,097 shares of the company’s stock after purchasing an additional 33,843 shares during the quarter. Capital Group Dividend Value ETF makes up 0.6% of IFP Advisors Inc’s investment portfolio, making the stock its 27th largest holding. IFP Advisors Inc’s holdings in Capital Group Dividend Value ETF were worth $32,825,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. LPL Financial LLC grew its holdings in Capital Group Dividend Value ETF by 20.7% during the fourth quarter. LPL Financial LLC now owns 63,490,640 shares of the company’s stock valued at $2,770,731,000 after purchasing an additional 10,904,954 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of Capital Group Dividend Value ETF by 6.6% in the fourth quarter. Raymond James Financial Inc. now owns 23,591,243 shares of the company’s stock worth $1,029,522,000 after buying an additional 1,465,566 shares during the last quarter. Capital International Investors boosted its holdings in shares of Capital Group Dividend Value ETF by 1.8% during the 4th quarter. Capital International Investors now owns 22,899,119 shares of the company’s stock worth $999,318,000 after buying an additional 397,762 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Capital Group Dividend Value ETF by 12.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 18,754,937 shares of the company’s stock worth $818,465,000 after buying an additional 2,061,385 shares during the period. Finally, Cetera Investment Advisers grew its stake in Capital Group Dividend Value ETF by 12.0% in the 1st quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock valued at $781,004,000 after buying an additional 1,959,868 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of CGDV opened at $49.91 on Wednesday. The company has a market capitalization of $37.85 billion, a PE ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a one year low of $41.24 and a one year high of $51.63. The company’s fifty day moving average price is $49.81 and its 200 day moving average price is $47.43.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were given a $0.1471 dividend. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.11. This represents a $0.59 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, June 30th.

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.