Capital Group Dividend Value ETF $CGDV Stock Sold by DMKC Advisory Services LLC

DMKC Advisory Services LLC cut its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 28.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 434,928 shares of the company’s stock after selling 175,505 shares during the period. Capital Group Dividend Value ETF makes up 5.1% of DMKC Advisory Services LLC’s portfolio, making the stock its 6th largest holding. DMKC Advisory Services LLC owned about 0.05% of Capital Group Dividend Value ETF worth $21,246,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CGDV. Cetera Investment Advisers boosted its position in shares of 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 buying an additional 1,959,868 shares during the period. Bank of America Corp DE grew its stake in shares of Capital Group Dividend Value ETF by 7.0% during the first 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. Kestra Advisory Services LLC raised its holdings in shares of Capital Group Dividend Value ETF by 9.4% in the third quarter. Kestra Advisory Services LLC now owns 7,609,979 shares of the company’s stock worth $371,747,000 after buying an additional 654,911 shares during the period. Royal Bank of Canada raised its holdings in shares of Capital Group Dividend Value ETF by 19.6% in the first 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, D.A. Davidson & CO. raised its holdings in shares of Capital Group Dividend Value ETF by 1.3% in the third quarter. D.A. Davidson & CO. now owns 3,780,677 shares of the company’s stock worth $184,686,000 after buying an additional 48,151 shares during the period.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV stock opened at $48.51 on Tuesday. Capital Group Dividend Value ETF has a 52-week low of $41.31 and a 52-week high of $51.63. The firm has a market capitalization of $38.70 billion, a P/E ratio of 26.59 and a beta of 0.88. The stock has a 50 day moving average price of $49.19 and a 200 day moving average price of $47.56.

Capital Group Dividend Value ETF Increases Dividend

The firm 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. The ex-dividend date was Wednesday, September 30th. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471. This represents a $0.61 dividend on an annualized basis and a yield of 1.3%.

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.