PCG Wealth Advisors LLC Has $33.61 Million Stake in Capital Group Dividend Value ETF $CGDV

PCG Wealth Advisors LLC raised its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 5.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 681,934 shares of the company’s stock after buying an additional 34,563 shares during the period. Capital Group Dividend Value ETF accounts for about 7.5% of PCG Wealth Advisors LLC’s investment portfolio, making the stock its biggest position. PCG Wealth Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $33,606,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CGDV. Symphony Financial Ltd. Co. raised its stake in shares of Capital Group Dividend Value ETF by 3.8% in the second quarter. Symphony Financial Ltd. Co. now owns 5,641 shares of the company’s stock valued at $278,000 after acquiring an additional 204 shares during the last quarter. CoreCap Advisors LLC grew its position in Capital Group Dividend Value ETF by 19.5% during the 2nd quarter. CoreCap Advisors LLC now owns 1,338 shares of the company’s stock worth $66,000 after acquiring an additional 218 shares during the last quarter. Berger Financial Group Inc increased its holdings in Capital Group Dividend Value ETF by 3.1% during the 1st quarter. Berger Financial Group Inc now owns 7,519 shares of the company’s stock valued at $320,000 after purchasing an additional 224 shares in the last quarter. Clark Capital Management Group Inc. increased its holdings in Capital Group Dividend Value ETF by 2.4% during the 3rd quarter. Clark Capital Management Group Inc. now owns 9,984 shares of the company’s stock valued at $420,000 after purchasing an additional 238 shares in the last quarter. Finally, Cim LLC raised its position in Capital Group Dividend Value ETF by 2.3% in the 3rd quarter. Cim LLC now owns 11,280 shares of the company’s stock valued at $474,000 after purchasing an additional 250 shares during the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV stock opened at $50.08 on Friday. The stock’s fifty day moving average is $49.78 and its 200-day moving average is $47.36. Capital Group Dividend Value ETF has a 52 week low of $41.08 and a 52 week high of $51.63. The stock has a market capitalization of $37.98 billion, a PE ratio of 26.59 and a beta of 0.88.

Capital Group Dividend Value ETF Increases Dividend

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

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.