Farther Finance Advisors LLC Buys 31,954 Shares of Capital Group Dividend Value ETF $CGDV

Farther Finance Advisors LLC lifted its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 7.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 458,445 shares of the company’s stock after acquiring an additional 31,954 shares during the period. Farther Finance Advisors LLC owned 0.06% of Capital Group Dividend Value ETF worth $22,395,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CGDV. Cetera Investment Advisers grew its holdings in Capital Group Dividend Value ETF by 12.0% during the first quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock valued at $781,004,000 after purchasing an additional 1,959,868 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Capital Group Dividend Value ETF by 7.0% in the first quarter. Bank of America Corp DE now owns 17,913,033 shares of the company’s stock worth $762,020,000 after buying an additional 1,166,097 shares during the last quarter. Advance Capital Management Inc. lifted its stake in shares of Capital Group Dividend Value ETF by 1.4% in the first quarter. Advance Capital Management Inc. now owns 10,192,029 shares of the company’s stock worth $433,569,000 after buying an additional 140,796 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Capital Group Dividend Value ETF by 19.6% during the 1st quarter. Royal Bank of Canada now owns 7,479,465 shares of the company’s stock worth $318,176,000 after buying an additional 1,223,486 shares during the period. Finally, Kestra Advisory Services LLC boosted its holdings in shares of Capital Group Dividend Value ETF by 14.9% during the 1st quarter. Kestra Advisory Services LLC now owns 5,857,420 shares of the company’s stock worth $249,175,000 after buying an additional 760,675 shares during the period.

Capital Group Dividend Value ETF Price Performance

NYSEARCA:CGDV traded down $0.26 during midday trading on Thursday, reaching $49.25. The stock had a trading volume of 3,546,557 shares, compared to its average volume of 4,169,972. The stock has a market capitalization of $38.76 billion, a P/E ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 1-year low of $41.24 and a 1-year high of $51.63. The firm’s fifty day simple moving average is $49.92 and its 200-day simple moving average is $48.10.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were given a $0.1522 dividend. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471. This represents a $0.61 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Wednesday, September 30th.

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.