Capital Group Dividend Value ETF $CGDV Holdings Cut by Park Avenue Securities LLC

Park Avenue Securities LLC lessened its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 15.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,113 shares of the company’s stock after selling 22,976 shares during the quarter. Park Avenue Securities LLC’s holdings in Capital Group Dividend Value ETF were worth $6,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. WESPAC Advisors LLC lifted its holdings in shares of Capital Group Dividend Value ETF by 1.9% during the third quarter. WESPAC Advisors LLC now owns 82,132 shares of the company’s stock valued at $4,012,000 after purchasing an additional 1,520 shares in the last quarter. National Wealth Management Group LLC increased its holdings in Capital Group Dividend Value ETF by 45.7% in the 3rd quarter. National Wealth Management Group LLC now owns 60,310 shares of the company’s stock worth $2,946,000 after buying an additional 18,912 shares in the last quarter. FSA Wealth Partners Inc. increased its holdings in Capital Group Dividend Value ETF by 4.9% in the 3rd quarter. FSA Wealth Partners Inc. now owns 334,888 shares of the company’s stock worth $16,359,000 after buying an additional 15,711 shares in the last quarter. Flagship Harbor Advisors LLC increased its holdings in Capital Group Dividend Value ETF by 9.7% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 306,208 shares of the company’s stock worth $14,958,000 after buying an additional 27,087 shares in the last quarter. Finally, Sage Investment Counsel LLC purchased a new position in Capital Group Dividend Value ETF in the 3rd quarter worth about $245,000.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA:CGDV opened at $49.44 on Thursday. The firm has a market cap of $39.32 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. The business has a 50-day simple moving average of $49.45 and a two-hundred day simple moving average of $47.39. 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 business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were paid a $0.1522 dividend. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date 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.