Capital Group Dividend Value ETF $CGDV Holdings Decreased by Optima Capital LLC

Optima Capital LLC trimmed its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 60.0% during the third quarter, HoldingsChannel.com reports. The firm owned 9,317 shares of the company’s stock after selling 13,964 shares during the quarter. Optima Capital LLC’s holdings in Capital Group Dividend Value ETF were worth $456,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Cetera Investment Advisers boosted its stake in Capital Group Dividend Value ETF by 12.0% in the 1st quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock worth $781,004,000 after purchasing an additional 1,959,868 shares during the period. WNY Asset Management LLC purchased a new position in Capital Group Dividend Value ETF during the 1st quarter valued at about $67,648,000. Royal Bank of Canada increased its position in shares of Capital Group Dividend Value ETF by 19.6% during the first quarter. Royal Bank of Canada now owns 7,479,465 shares of the company’s stock valued at $318,176,000 after buying an additional 1,223,486 shares during the period. Bank of America Corp DE increased its position in shares of Capital Group Dividend Value ETF by 7.0% during 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 buying an additional 1,166,097 shares during the period. Finally, First Pacific Financial lifted its holdings in shares of Capital Group Dividend Value ETF by 526.1% in the third quarter. First Pacific Financial now owns 1,067,781 shares of the company’s stock worth $52,161,000 after buying an additional 897,226 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of Capital Group Dividend Value ETF stock opened at $48.81 on Monday. The company’s 50-day moving average price is $49.41 and its 200-day moving average price is $47.44. Capital Group Dividend Value ETF has a 12-month low of $41.31 and a 12-month high of $51.63. The company has a market cap of $38.88 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88.

Capital Group Dividend Value ETF Increases Dividend

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

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.