Capital Group Dividend Value ETF $CGDV Position Raised by Capital Group Private Client Services Inc.

Capital Group Private Client Services Inc. boosted its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 9.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,460,048 shares of the company’s stock after buying an additional 780,453 shares during the period. Capital Group Dividend Value ETF makes up about 6.6% of Capital Group Private Client Services Inc.’s holdings, making the stock its 3rd largest holding. Capital Group Private Client Services Inc.’s holdings in Capital Group Dividend Value ETF were worth $397,606,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Capital Group Dividend Value ETF by 38,200.0% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,149 shares of the company’s stock valued at $48,000 after acquiring an additional 1,146 shares in the last quarter. Huntington National Bank bought a new stake in shares of Capital Group Dividend Value ETF during the 3rd quarter valued at about $49,000. Banco de Sabadell S.A purchased a new position in shares of Capital Group Dividend Value ETF during the second quarter worth about $47,000. CENTRAL TRUST Co purchased a new position in shares of Capital Group Dividend Value ETF during the third quarter worth about $52,000. Finally, Trust Co. of Vermont increased its position in shares of Capital Group Dividend Value ETF by 83.0% in the third quarter. Trust Co. of Vermont now owns 1,347 shares of the company’s stock worth $57,000 after purchasing an additional 611 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of CGDV opened at $44.52 on Tuesday. The firm’s 50 day simple moving average is $44.82 and its 200 day simple moving average is $43.36. The company has a market capitalization of $28.43 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 $46.01.

Capital Group Dividend Value ETF Increases Dividend

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

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.