45,153 Capital Group Dividend Value ETF $CGDV Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. increased its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 15.6% in the 3rd quarter, Holdings Channel reports. The firm owned 335,268 shares of the company’s stock after purchasing an additional 45,153 shares during the period. Oppenheimer & Co. Inc.’s holdings in Capital Group Dividend Value ETF were worth $16,378,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its holdings in Capital Group Dividend Value ETF by 12.0% during the first quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock valued at $781,004,000 after purchasing an additional 1,959,868 shares during the last quarter. Bank of America Corp DE raised its position in shares of Capital Group Dividend Value ETF by 7.0% in the first quarter. Bank of America Corp DE now owns 17,913,033 shares of the company’s stock valued at $762,020,000 after purchasing an additional 1,166,097 shares during the period. Advance Capital Management Inc. raised its position in shares of Capital Group Dividend Value ETF by 1.4% in the first quarter. Advance Capital Management Inc. now owns 10,192,029 shares of the company’s stock valued at $433,569,000 after purchasing an additional 140,796 shares during the period. Royal Bank of Canada lifted its stake in shares of Capital Group Dividend Value ETF by 19.6% in the first quarter. Royal Bank of Canada now owns 7,479,465 shares of the company’s stock worth $318,176,000 after buying an additional 1,223,486 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its stake in shares of Capital Group Dividend Value ETF by 14.9% in the first quarter. Kestra Advisory Services LLC now owns 5,857,420 shares of the company’s stock worth $249,175,000 after buying an additional 760,675 shares during the last quarter.

Capital Group Dividend Value ETF Trading Up 0.8%

Shares of Capital Group Dividend Value ETF stock opened at $48.83 on Tuesday. The firm has a fifty day simple moving average of $49.50 and a 200-day simple moving average of $47.34. The stock has a market capitalization of $39.51 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 1-year low of $41.31 and a 1-year 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 given a $0.1522 dividend. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471. This represents a $0.61 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Wednesday, September 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.