IAM Advisory LLC Has $62.27 Million Position in Capital Group Dividend Value ETF $CGDV

IAM Advisory LLC lifted its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 195.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,426,848 shares of the company’s stock after acquiring an additional 943,584 shares during the period. Capital Group Dividend Value ETF makes up 13.8% of IAM Advisory LLC’s portfolio, making the stock its largest holding. IAM Advisory LLC’s holdings in Capital Group Dividend Value ETF were worth $62,268,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CGDV. Raymond James Financial Inc. boosted its holdings in Capital Group Dividend Value ETF by 14.3% in the 3rd quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock valued at $929,942,000 after purchasing an additional 2,772,053 shares during the period. Envestnet Asset Management Inc. grew its position in Capital Group Dividend Value ETF by 4.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 17,388,906 shares of the company’s stock worth $730,856,000 after purchasing an additional 668,214 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Capital Group Dividend Value ETF by 8.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 16,693,552 shares of the company’s stock worth $701,630,000 after purchasing an additional 1,365,491 shares during the period. Bank of America Corp DE raised its position in shares of Capital Group Dividend Value ETF by 20.4% during the third quarter. Bank of America Corp DE now owns 15,868,443 shares of the company’s stock valued at $666,951,000 after buying an additional 2,688,496 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in shares of Capital Group Dividend Value ETF by 11.1% during the third quarter. Commonwealth Equity Services LLC now owns 10,957,728 shares of the company’s stock valued at $460,553,000 after buying an additional 1,093,062 shares during the last quarter.

Capital Group Dividend Value ETF Stock Down 1.5%

CGDV stock opened at $42.50 on Friday. Capital Group Dividend Value ETF has a twelve month low of $30.94 and a twelve month high of $46.01. The company has a market cap of $27.14 billion, a PE ratio of 26.59 and a beta of 0.89. The business’s 50-day simple moving average is $44.75 and its 200 day simple moving average is $43.47.

Capital Group Dividend Value ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were paid a $0.1928 dividend. The ex-dividend date was Friday, December 26th. This is a positive change 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 1.8%.

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.