Axxcess Wealth Management LLC Buys 26,955 Shares of Capital Group Dividend Value ETF $CGDV

Axxcess Wealth Management LLC boosted its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 4.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 641,292 shares of the company’s stock after buying an additional 26,955 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Capital Group Dividend Value ETF were worth $26,954,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Harbor Investment Advisory LLC grew its stake in shares of Capital Group Dividend Value ETF by 91.4% in the third quarter. Harbor Investment Advisory LLC now owns 49,925 shares of the company’s stock valued at $2,098,000 after buying an additional 23,845 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in Capital Group Dividend Value ETF in the second quarter valued at $1,982,000. Future Financial Wealth Managment LLC acquired a new stake in Capital Group Dividend Value ETF in the third quarter valued at $5,649,000. Fermata Advisors LLC grew its position in shares of Capital Group Dividend Value ETF by 9.7% in the 3rd quarter. Fermata Advisors LLC now owns 214,171 shares of the company’s stock valued at $9,002,000 after acquiring an additional 19,012 shares during the period. Finally, Creative Planning increased its stake in shares of Capital Group Dividend Value ETF by 12.5% during the 2nd quarter. Creative Planning now owns 33,817 shares of the company’s stock worth $1,335,000 after purchasing an additional 3,747 shares during the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV stock opened at $45.45 on Wednesday. Capital Group Dividend Value ETF has a 52-week low of $30.94 and a 52-week high of $46.01. The stock has a market cap of $29.02 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The firm’s 50-day moving average is $44.38 and its 200-day moving average is $42.92.

Capital Group Dividend Value ETF Increases Dividend

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

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. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.