Concurrent Investment Advisors LLC Purchases 19,594 Shares of Capital Group Dividend Value ETF $CGDV

Concurrent Investment Advisors LLC increased its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 2.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 971,237 shares of the company’s stock after acquiring an additional 19,594 shares during the quarter. Concurrent Investment Advisors LLC owned about 0.13% of Capital Group Dividend Value ETF worth $47,863,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CGDV. Tucker Asset Management LLC purchased a new position in shares of Capital Group Dividend Value ETF in the fourth quarter worth about $32,000. Flagship Wealth Advisors LLC purchased a new stake in shares of Capital Group Dividend Value ETF during the 4th quarter valued at approximately $32,000. Triumph Capital Management purchased a new stake in shares of Capital Group Dividend Value ETF during the 3rd quarter valued at approximately $32,000. TD Capital Management LLC purchased a new stake in shares of Capital Group Dividend Value ETF during the 4th quarter valued at approximately $34,000. Finally, Bayban bought a new position in Capital Group Dividend Value ETF in the 1st quarter worth approximately $36,000.

Capital Group Dividend Value ETF Trading Up 0.7%

Capital Group Dividend Value ETF stock opened at $50.10 on Friday. Capital Group Dividend Value ETF has a 1-year low of $41.08 and a 1-year high of $51.63. The firm has a market capitalization of $38.00 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. The firm has a 50 day simple moving average of $49.75 and a 200 day simple moving average of $47.34.

Capital Group Dividend Value ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were issued a $0.1471 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.11. This represents a $0.59 dividend on an annualized basis and a dividend yield of 1.2%.

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.