36,322 Capital Group Dividend Value ETF $CGDV Shares Acquired by Financial Council LLC

Financial Council LLC lifted its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 48.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 111,283 shares of the company’s stock after purchasing an additional 36,322 shares during the quarter. Capital Group Dividend Value ETF accounts for about 1.7% of Financial Council LLC’s investment portfolio, making the stock its 16th largest holding. Financial Council LLC’s holdings in Capital Group Dividend Value ETF were worth $5,436,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Provenance Wealth Advisors LLC acquired a new position in shares of Capital Group Dividend Value ETF in the third quarter worth about $33,000. CoreCap Advisors LLC raised its holdings in shares of Capital Group Dividend Value ETF by 19.5% during the second quarter. CoreCap Advisors LLC now owns 1,338 shares of the company’s stock valued at $66,000 after acquiring an additional 218 shares during the period. Torren Management LLC purchased a new stake in shares of Capital Group Dividend Value ETF in the 1st quarter valued at approximately $58,000. Compass Financial Management LLC purchased a new stake in shares of Capital Group Dividend Value ETF in the 3rd quarter valued at approximately $73,000. Finally, Beacon Financial Strategies CORP purchased a new stake in shares of Capital Group Dividend Value ETF in the 2nd quarter valued at approximately $79,000.

Capital Group Dividend Value ETF Price Performance

Capital Group Dividend Value ETF stock traded down $0.03 during midday trading on Friday, reaching $47.42. The stock had a trading volume of 3,543,328 shares, compared to its average volume of 4,071,599. Capital Group Dividend Value ETF has a twelve month low of $41.31 and a twelve month high of $51.63. The firm has a market cap of $37.81 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. The firm’s fifty day simple moving average is $49.23 and its two-hundred day simple moving average is $47.54.

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 a positive change 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 1.3%. The ex-dividend date was Wednesday, September 30th.

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.