Capital Group Dividend Value ETF $CGDV Stock Acquired by IFP Advisors Inc

IFP Advisors Inc boosted its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 4.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 694,874 shares of the company’s stock after buying an additional 28,777 shares during the period. Capital Group Dividend Value ETF makes up approximately 0.6% of IFP Advisors Inc’s investment portfolio, making the stock its 28th largest position. IFP Advisors Inc’s holdings in Capital Group Dividend Value ETF were worth $33,945,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Richards Merrill & Peterson Inc. lifted its holdings in shares of Capital Group Dividend Value ETF by 72.6% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 59,315 shares of the company’s stock worth $2,523,000 after acquiring an additional 24,945 shares during the period. Ameritas Advisory Services LLC increased its stake in Capital Group Dividend Value ETF by 179.5% in the second quarter. Ameritas Advisory Services LLC now owns 1,092,250 shares of the company’s stock valued at $53,826,000 after acquiring an additional 701,514 shares during the last quarter. Capital Analysts LLC raised its position in Capital Group Dividend Value ETF by 27.8% during the second quarter. Capital Analysts LLC now owns 164,262 shares of the company’s stock valued at $8,095,000 after purchasing an additional 35,765 shares in the last quarter. Guardian Wealth Advisors LLC NC lifted its stake in Capital Group Dividend Value ETF by 2.1% during the second quarter. Guardian Wealth Advisors LLC NC now owns 1,281,501 shares of the company’s stock worth $63,200,000 after purchasing an additional 26,012 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC lifted its stake in Capital Group Dividend Value ETF by 101.6% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 130,038 shares of the company’s stock worth $5,532,000 after purchasing an additional 65,543 shares during the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV stock opened at $48.93 on Friday. The stock’s fifty day moving average price is $49.76 and its two-hundred day moving average price is $48.39. The company has a market cap of $38.72 billion, a PE ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a fifty-two week low of $41.31 and a fifty-two week high of $51.63.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.1522 per share. This is an increase 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 dividend on an annualized basis and a dividend yield of 1.2%.

Capital Group Dividend Value ETF 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.