Clg LLC Has $8.62 Million Position in Capital Group Dividend Value ETF $CGDV

Clg LLC lowered its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 20.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 205,115 shares of the company’s stock after selling 51,629 shares during the period. Capital Group Dividend Value ETF makes up 2.3% of Clg LLC’s portfolio, making the stock its 10th largest holding. Clg LLC’s holdings in Capital Group Dividend Value ETF were worth $8,621,000 as of its most recent filing with the SEC.

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

Capital Group Dividend Value ETF Stock Performance

Shares of Capital Group Dividend Value ETF stock opened at $43.51 on Friday. The firm has a 50-day moving average of $44.85 and a 200-day moving average of $43.42. 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 $27.79 billion, a PE ratio of 26.59 and a beta of 0.89.

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 issued a $0.1928 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.77 dividend on an annualized basis and a yield of 1.8%. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14.

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.