Capital Group Dividend Value ETF $CGDV Shares Sold by KPP Advisory Services LLC

KPP Advisory Services LLC lowered its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 8.9% during the third quarter, HoldingsChannel reports. The firm owned 248,657 shares of the company’s stock after selling 24,434 shares during the period. Capital Group Dividend Value ETF comprises 1.5% of KPP Advisory Services LLC’s holdings, making the stock its 15th biggest position. KPP Advisory Services LLC’s holdings in Capital Group Dividend Value ETF were worth $10,451,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CGDV. Raymond James Financial Inc. lifted its holdings in Capital Group Dividend Value ETF by 11.5% in the second quarter. Raymond James Financial Inc. now owns 19,353,624 shares of the company’s stock valued at $764,275,000 after acquiring an additional 1,999,975 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Capital Group Dividend Value ETF by 9.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 16,720,692 shares of the company’s stock worth $660,300,000 after buying an additional 1,513,067 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Capital Group Dividend Value ETF by 10.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 15,328,061 shares of the company’s stock valued at $605,305,000 after purchasing an additional 1,496,823 shares during the period. Bank of America Corp DE increased its stake in shares of Capital Group Dividend Value ETF by 23.1% during the second quarter. Bank of America Corp DE now owns 13,179,947 shares of the company’s stock worth $520,476,000 after buying an additional 2,471,984 shares during the period. Finally, Cetera Investment Advisers raised its holdings in shares of Capital Group Dividend Value ETF by 17.1% in the 2nd quarter. Cetera Investment Advisers now owns 11,850,016 shares of the company’s stock valued at $467,957,000 after purchasing an additional 1,730,269 shares in the last quarter.

Capital Group Dividend Value ETF Stock Up 0.4%

CGDV stock opened at $44.62 on Tuesday. The stock has a market cap of $28.16 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a fifty-two week low of $30.94 and a fifty-two week high of $44.69. The business has a 50 day moving average price of $43.75 and a 200 day moving average price of $42.42.

Capital Group Dividend Value ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were paid a dividend of $0.1928 per share. This represents a $0.77 annualized dividend and a dividend yield of 1.7%. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, December 26th.

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.