Root Financial Partners LLC Acquires 15,895 Shares of Capital Group Dividend Value ETF $CGDV

Root Financial Partners LLC boosted its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 238.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 22,552 shares of the company’s stock after purchasing an additional 15,895 shares during the quarter. Root Financial Partners LLC’s holdings in Capital Group Dividend Value ETF were worth $1,102,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Ameritas Advisory Services LLC grew its position in shares of Capital Group Dividend Value ETF by 179.5% during the second quarter. Ameritas Advisory Services LLC now owns 1,092,250 shares of the company’s stock worth $53,826,000 after purchasing an additional 701,514 shares in the last quarter. Capital Analysts LLC raised its stake in Capital Group Dividend Value ETF by 27.8% during the 2nd quarter. Capital Analysts LLC now owns 164,262 shares of the company’s stock valued at $8,095,000 after purchasing an additional 35,765 shares during the period. Guardian Wealth Advisors LLC NC raised its stake in Capital Group Dividend Value ETF by 2.1% during the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 1,281,501 shares of the company’s stock valued at $63,200,000 after purchasing an additional 26,012 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its holdings in Capital Group Dividend Value ETF by 101.6% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 130,038 shares of the company’s stock worth $5,532,000 after purchasing an additional 65,543 shares in the last quarter. Finally, Concurrent Investment Advisors LLC lifted its holdings in Capital Group Dividend Value ETF by 2.1% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 971,237 shares of the company’s stock worth $47,863,000 after purchasing an additional 19,594 shares in the last quarter.

Capital Group Dividend Value ETF Trading Down 0.9%

NYSEARCA CGDV opened at $48.76 on Friday. Capital Group Dividend Value ETF has a 12 month low of $41.31 and a 12 month high of $51.63. The stock has a market cap of $38.71 billion, a PE ratio of 26.59 and a beta of 0.88. The stock’s 50 day moving average is $49.58 and its 200 day moving average is $48.62.

Capital Group Dividend Value ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.1522 per share. This is an increase 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 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.