Capital Group Dividend Value ETF $CGDV Stock Position Increased by Cooper Financial Group

Cooper Financial Group boosted its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 32.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 90,495 shares of the company’s stock after buying an additional 22,375 shares during the quarter. Cooper Financial Group’s holdings in Capital Group Dividend Value ETF were worth $4,421,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CGDV. TD Capital Management LLC purchased a new stake in shares of Capital Group Dividend Value ETF in the fourth quarter valued at $34,000. Bayban bought a new position in Capital Group Dividend Value ETF during the 1st quarter valued at about $36,000. CoreCap Advisors LLC raised 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 worth $66,000 after purchasing an additional 218 shares during the period. Torren Management LLC bought a new stake in Capital Group Dividend Value ETF in the first quarter worth about $58,000. Finally, Bellevue Asset Management LLC bought a new stake in Capital Group Dividend Value ETF in the first quarter worth about $62,000.

Capital Group Dividend Value ETF Price Performance

Shares of CGDV traded down $0.31 during mid-day trading on Wednesday, reaching $49.51. 3,346,238 shares of the company’s stock traded hands, compared to its average volume of 4,173,219. The stock’s 50-day moving average is $49.89 and its two-hundred day moving average is $48.05. Capital Group Dividend Value ETF has a 12 month low of $41.24 and a 12 month high of $51.63. The stock has a market cap of $38.97 billion, a P/E ratio of 26.59 and a beta of 0.88.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were given a $0.1522 dividend. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.61 annualized dividend and a yield of 1.2%.

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.