Capital Group Dividend Value ETF $CGDV Stock Acquired by James T. Borello RIA

James T. Borello RIA raised its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 1.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 684,141 shares of the company’s stock after acquiring an additional 13,072 shares during the quarter. Capital Group Dividend Value ETF makes up about 6.9% of James T. Borello RIA’s portfolio, making the stock its 3rd biggest position. James T. Borello RIA owned approximately 0.09% of Capital Group Dividend Value ETF worth $33,420,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in CGDV. Ballew Advisors Inc lifted its stake in shares of Capital Group Dividend Value ETF by 1.5% during the 3rd quarter. Ballew Advisors Inc now owns 13,713 shares of the company’s stock worth $675,000 after purchasing an additional 203 shares during the last quarter. Symphony Financial Ltd. Co. boosted its position in Capital Group Dividend Value ETF by 3.8% during the second quarter. Symphony Financial Ltd. Co. now owns 5,641 shares of the company’s stock valued at $278,000 after purchasing an additional 204 shares in the last quarter. CoreCap Advisors LLC grew its stake in Capital Group Dividend Value ETF by 19.5% in the second quarter. CoreCap Advisors LLC now owns 1,338 shares of the company’s stock valued at $66,000 after purchasing an additional 218 shares during the last quarter. Berger Financial Group Inc grew its stake in Capital Group Dividend Value ETF by 3.1% in the first 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 during the last quarter. Finally, Warner Financial Inc. grew its stake in Capital Group Dividend Value ETF by 1.1% in the second quarter. Warner Financial Inc. now owns 23,487 shares of the company’s stock valued at $1,157,000 after purchasing an additional 263 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Capital Group Dividend Value ETF stock traded down $0.46 during trading hours on Friday, reaching $48.93. The stock had a trading volume of 3,868,869 shares, compared to its average volume of 4,130,315. The company has a market cap of $38.72 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. The business’s 50 day moving average price is $49.76 and its 200-day moving average price is $48.39. Capital Group Dividend Value ETF has a 52 week low of $41.31 and a 52 week high of $51.63.

Capital Group Dividend Value ETF Increases Dividend

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

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.