Advance Capital Management Inc. Sells 557,225 Shares of Capital Group Dividend Value ETF $CGDV

Advance Capital Management Inc. decreased its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 4.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,188,851 shares of the company’s stock after selling 557,225 shares during the quarter. Capital Group Dividend Value ETF accounts for about 21.8% of Advance Capital Management Inc.’s holdings, making the stock its 2nd biggest holding. Advance Capital Management Inc.’s holdings in Capital Group Dividend Value ETF were worth $481,338,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Goldstone Financial Group LLC lifted its holdings in Capital Group Dividend Value ETF by 9.4% during the 2nd quarter. Goldstone Financial Group LLC now owns 26,494 shares of the company’s stock worth $1,065,000 after buying an additional 2,284 shares in the last quarter. NBC Securities Inc. grew its stake in shares of Capital Group Dividend Value ETF by 14.4% in the second quarter. NBC Securities Inc. now owns 70,356 shares of the company’s stock worth $2,778,000 after acquiring an additional 8,874 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Capital Group Dividend Value ETF by 603.3% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 63,540 shares of the company’s stock worth $2,509,000 after acquiring an additional 54,506 shares during the period. CPA Asset Management LLC increased its position in shares of Capital Group Dividend Value ETF by 11.4% during the second quarter. CPA Asset Management LLC now owns 33,576 shares of the company’s stock worth $1,326,000 after acquiring an additional 3,434 shares during the period. Finally, HBW Advisory Services LLC raised its stake in shares of Capital Group Dividend Value ETF by 260.6% in the second quarter. HBW Advisory Services LLC now owns 36,137 shares of the company’s stock valued at $1,427,000 after acquiring an additional 26,115 shares in the last quarter.

Capital Group Dividend Value ETF Trading Down 0.5%

NYSEARCA:CGDV opened at $41.94 on Monday. Capital Group Dividend Value ETF has a 12-month low of $30.94 and a 12-month high of $42.26. The firm has a market cap of $20.58 billion, a PE ratio of 26.59 and a beta of 0.91. The stock has a fifty day moving average price of $40.98 and a 200 day moving average price of $37.93.

Capital Group Dividend Value ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 30th were paid a $0.1295 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, June 30th.

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.