Melone Private Wealth LLC Purchases New Holdings in Capital Group Dividend Value ETF $CGDV

Melone Private Wealth LLC acquired a new position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 319,721 shares of the company’s stock, valued at approximately $13,953,000. Capital Group Dividend Value ETF accounts for 5.9% of Melone Private Wealth LLC’s investment portfolio, making the stock its 4th largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC boosted its position 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 worth $2,098,000 after buying an additional 23,845 shares during the period. Thrivent Financial for Lutherans acquired a new position in Capital Group Dividend Value ETF during the second quarter valued at $1,982,000. Future Financial Wealth Managment LLC acquired a new position in Capital Group Dividend Value ETF during the third quarter valued at $5,649,000. Fermata Advisors LLC lifted its stake in 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 worth $9,002,000 after acquiring an additional 19,012 shares in the last quarter. Finally, Creative Planning lifted its stake in Capital Group Dividend Value ETF by 12.5% in the 2nd quarter. Creative Planning now owns 33,817 shares of the company’s stock worth $1,335,000 after acquiring an additional 3,747 shares in the last quarter.

Capital Group Dividend Value ETF Trading Down 1.5%

Shares of NYSEARCA CGDV opened at $42.50 on Friday. Capital Group Dividend Value ETF has a one year low of $30.94 and a one year high of $46.01. The business has a 50-day moving average price of $44.75 and a two-hundred day moving average price of $43.47. The firm has a market capitalization of $27.14 billion, a PE ratio of 26.59 and a beta of 0.89.

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

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.