Atlas Legacy Advisors LLC Lowers Stock Holdings in Capital Group Dividend Value ETF $CGDV

Atlas Legacy Advisors LLC lowered its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 22.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 41,756 shares of the company’s stock after selling 12,305 shares during the quarter. Atlas Legacy Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $1,647,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hughes Financial Services LLC bought a new position in shares of Capital Group Dividend Value ETF in the first quarter worth about $28,000. Trust Co. of Vermont bought a new stake in Capital Group Dividend Value ETF during the 2nd quarter valued at approximately $29,000. Washington Trust Advisors Inc. purchased a new position in Capital Group Dividend Value ETF in the 2nd quarter worth approximately $29,000. Capital Analysts LLC bought a new position in Capital Group Dividend Value ETF in the 1st quarter worth approximately $30,000. Finally, FNY Investment Advisers LLC bought a new position in Capital Group Dividend Value ETF in the 2nd quarter worth approximately $35,000.

Capital Group Dividend Value ETF Price Performance

Shares of CGDV opened at $42.34 on Friday. The firm has a market cap of $23.89 billion, a P/E ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 1 year low of $30.94 and a 1 year high of $43.40. The company has a 50 day simple moving average of $42.09 and a two-hundred day simple moving average of $39.85.

Capital Group Dividend Value ETF Increases Dividend

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

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.