RFG Advisory LLC Trims Stock Position in Capital Group Dividend Value ETF $CGDV

RFG Advisory LLC trimmed its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 42.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 169,600 shares of the company’s stock after selling 124,626 shares during the quarter. RFG Advisory LLC’s holdings in Capital Group Dividend Value ETF were worth $8,358,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Symphony Financial Ltd. Co. raised its stake in shares of Capital Group Dividend Value ETF by 3.8% during the second quarter. Symphony Financial Ltd. Co. now owns 5,641 shares of the company’s stock worth $278,000 after purchasing an additional 204 shares during the last quarter. CoreCap Advisors LLC grew its position in Capital Group Dividend Value ETF by 19.5% in the 2nd 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 last quarter. Berger Financial Group Inc grew its position in Capital Group Dividend Value ETF by 3.1% in the 1st quarter. Berger Financial Group Inc now owns 7,519 shares of the company’s stock valued at $320,000 after buying an additional 224 shares during the last quarter. Clark Capital Management Group Inc. increased its stake in Capital Group Dividend Value ETF by 2.4% in the 3rd quarter. Clark Capital Management Group Inc. now owns 9,984 shares of the company’s stock valued at $420,000 after buying an additional 238 shares during the period. Finally, Cim LLC increased its stake in Capital Group Dividend Value ETF by 2.3% in the 3rd quarter. Cim LLC now owns 11,280 shares of the company’s stock valued at $474,000 after buying an additional 250 shares during the period.

Capital Group Dividend Value ETF Stock Performance

Shares of Capital Group Dividend Value ETF stock opened at $49.91 on Wednesday. The company has a market cap of $37.85 billion, a P/E 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 firm has a fifty day moving average of $49.81 and a two-hundred day moving average of $47.43.

Capital Group Dividend Value ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Tuesday, June 30th were issued a dividend of $0.1471 per share. 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 yield of 1.2%. The ex-dividend date of this dividend was Tuesday, June 30th.

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.