Harpswell Capital Advisors LLC Makes New Investment in Capital Group Dividend Value ETF $CGDV

Harpswell Capital Advisors LLC acquired a new stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the third quarter, Holdings Channel.com reports. The fund acquired 172,470 shares of the company’s stock, valued at approximately $7,249,000. Capital Group Dividend Value ETF comprises about 6.9% of Harpswell Capital Advisors LLC’s holdings, making the stock its 3rd biggest holding.

Several other large investors have also modified their holdings of CGDV. Washington Trust Advisors Inc. acquired a new stake in shares of Capital Group Dividend Value ETF during the second quarter worth $29,000. FNY Investment Advisers LLC purchased a new position in Capital Group Dividend Value ETF in the 2nd quarter worth about $35,000. MassMutual Private Wealth & Trust FSB raised its holdings in Capital Group Dividend Value ETF by 38,200.0% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,149 shares of the company’s stock worth $48,000 after buying an additional 1,146 shares during the period. Banco de Sabadell S.A purchased a new stake in Capital Group Dividend Value ETF during the second quarter valued at about $47,000. Finally, Trust Co. of Vermont lifted its stake in Capital Group Dividend Value ETF by 83.0% during the third quarter. Trust Co. of Vermont now owns 1,347 shares of the company’s stock valued at $57,000 after buying an additional 611 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

Capital Group Dividend Value ETF stock opened at $45.64 on Tuesday. Capital Group Dividend Value ETF has a fifty-two week low of $30.94 and a fifty-two week high of $45.75. The firm’s 50 day simple moving average is $44.15 and its 200-day simple moving average is $42.72. The company has a market cap of $29.15 billion, a P/E ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were issued a $0.1928 dividend. The ex-dividend date was Friday, December 26th. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.7%.

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.