Capital Group Dividend Value ETF $CGDV Shares Acquired by Rothschild Investment LLC

Rothschild Investment LLC raised its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 40.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 211,709 shares of the company’s stock after purchasing an additional 61,039 shares during the quarter. Rothschild Investment LLC’s holdings in Capital Group Dividend Value ETF were worth $8,898,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. raised its holdings in Capital Group Dividend Value ETF by 11.5% in the second quarter. Raymond James Financial Inc. now owns 19,353,624 shares of the company’s stock valued at $764,275,000 after acquiring an additional 1,999,975 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Capital Group Dividend Value ETF by 4.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 17,388,906 shares of the company’s stock worth $730,856,000 after buying an additional 668,214 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Capital Group Dividend Value ETF by 10.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 15,328,061 shares of the company’s stock worth $605,305,000 after buying an additional 1,496,823 shares during the last quarter. Bank of America Corp DE grew its position in shares of Capital Group Dividend Value ETF by 23.1% in the 2nd quarter. Bank of America Corp DE now owns 13,179,947 shares of the company’s stock worth $520,476,000 after acquiring an additional 2,471,984 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of Capital Group Dividend Value ETF by 17.1% in the 2nd quarter. Cetera Investment Advisers now owns 11,850,016 shares of the company’s stock valued at $467,957,000 after acquiring an additional 1,730,269 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of CGDV opened at $45.33 on Tuesday. The stock has a market capitalization of $28.95 billion, a PE ratio of 26.59 and a beta of 0.89. The business’s fifty day moving average price is $44.34 and its 200 day moving average price is $42.88. Capital Group Dividend Value ETF has a 12-month low of $30.94 and a 12-month high of $46.01.

Capital Group Dividend Value ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were paid 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 yield of 1.7%.

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.