Gutierrez Wealth Advisory LLC Decreases Stake in Capital Group Dividend Value ETF $CGDV

Gutierrez Wealth Advisory LLC cut its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 6.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 342,952 shares of the company’s stock after selling 24,627 shares during the period. Capital Group Dividend Value ETF comprises 9.1% of Gutierrez Wealth Advisory LLC’s investment portfolio, making the stock its 3rd largest position. Gutierrez Wealth Advisory LLC’s holdings in Capital Group Dividend Value ETF were worth $13,543,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CGDV. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Capital Group Dividend Value ETF by 56.1% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,034 shares of the company’s stock valued at $322,000 after purchasing an additional 3,246 shares during the last quarter. Stablepoint Partners LLC bought a new stake in shares of Capital Group Dividend Value ETF during the 1st quarter valued at approximately $607,000. Pines Wealth Management LLC grew its holdings in shares of Capital Group Dividend Value ETF by 6.2% during the 1st quarter. Pines Wealth Management LLC now owns 45,796 shares of the company’s stock valued at $1,632,000 after purchasing an additional 2,678 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Capital Group Dividend Value ETF by 21.3% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 58,112 shares of the company’s stock valued at $2,071,000 after purchasing an additional 10,213 shares during the last quarter. Finally, NavPoint Financial Inc. bought a new stake in shares of Capital Group Dividend Value ETF during the 1st quarter valued at approximately $268,000.

Capital Group Dividend Value ETF Trading Down 0.1%

Shares of Capital Group Dividend Value ETF stock opened at $42.34 on Friday. The firm has a market capitalization of $22.54 billion, a PE ratio of 26.59 and a beta of 0.91. The firm’s 50 day moving average is $41.40 and its 200 day moving average is $38.54. Capital Group Dividend Value ETF has a 1 year low of $30.94 and a 1 year high of $42.53.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.1359 per share. This represents a $0.54 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, September 30th. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13.

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.