Capital Group Dividend Value ETF $CGDV Shares Sold by Bouvel Investment Partners LLC

Bouvel Investment Partners LLC lowered its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 19.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 235,814 shares of the company’s stock after selling 56,797 shares during the period. Capital Group Dividend Value ETF accounts for 2.7% of Bouvel Investment Partners LLC’s investment portfolio, making the stock its 7th biggest position. Bouvel Investment Partners LLC’s holdings in Capital Group Dividend Value ETF were worth $11,520,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CGDV. Cetera Investment Advisers grew its holdings in shares of Capital Group Dividend Value ETF by 12.0% during the 1st quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock worth $781,004,000 after purchasing an additional 1,959,868 shares during the period. Bank of America Corp DE boosted its position in Capital Group Dividend Value ETF by 7.0% in the 1st quarter. Bank of America Corp DE now owns 17,913,033 shares of the company’s stock valued at $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 acquiring an additional 140,796 shares in the last quarter. Royal Bank of Canada raised its position in shares of Capital Group Dividend Value ETF by 19.6% in the 1st quarter. Royal Bank of Canada now owns 7,479,465 shares of the company’s stock valued at $318,176,000 after purchasing an additional 1,223,486 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its stake in shares of Capital Group Dividend Value ETF by 14.9% in the first 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 last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV stock traded up $0.10 during trading hours on Tuesday, hitting $49.68. 2,570,602 shares of the company were exchanged, compared to its average volume of 4,142,450. The stock has a market capitalization of $39.19 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a one year low of $41.24 and a one year high of $51.63. The business’s 50-day simple moving average is $49.90 and its two-hundred day simple moving average is $48.24.

Capital Group Dividend Value ETF Increases Dividend

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

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.