Capital Group Dividend Value ETF $CGDV Shares Purchased by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC grew its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 66.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 143,646 shares of the company’s stock after purchasing an additional 57,391 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $6,037,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Raymond James Financial Inc. boosted its position in Capital Group Dividend Value ETF by 11.5% during the second quarter. Raymond James Financial Inc. now owns 19,353,624 shares of the company’s stock worth $764,275,000 after acquiring an additional 1,999,975 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Capital Group Dividend Value ETF by 4.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 17,388,906 shares of the company’s stock worth $730,856,000 after buying an additional 668,214 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Capital Group Dividend Value ETF by 10.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 15,328,061 shares of the company’s stock valued at $605,305,000 after buying an additional 1,496,823 shares during the period. Bank of America Corp DE raised its position in shares of Capital Group Dividend Value ETF by 23.1% during the 2nd quarter. Bank of America Corp DE now owns 13,179,947 shares of the company’s stock valued at $520,476,000 after buying an additional 2,471,984 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in Capital Group Dividend Value ETF by 17.1% in the second quarter. Cetera Investment Advisers now owns 11,850,016 shares of the company’s stock valued at $467,957,000 after acquiring an additional 1,730,269 shares during the last quarter.

Capital Group Dividend Value ETF Stock Up 2.4%

CGDV stock opened at $45.47 on Friday. Capital Group Dividend Value ETF has a 52-week low of $30.94 and a 52-week high of $45.55. The stock has a market cap of $29.04 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The business has a fifty day moving average of $44.11 and a two-hundred day moving average of $42.66.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were given a dividend of $0.1928 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, December 26th. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14.

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.