Capital Group Dividend Value ETF $CGDV Shares Purchased by Hopwood Financial Services Inc.

Hopwood Financial Services Inc. grew its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 378.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,883 shares of the company’s stock after acquiring an additional 19,684 shares during the period. Capital Group Dividend Value ETF comprises approximately 0.7% of Hopwood Financial Services Inc.’s investment portfolio, making the stock its 25th biggest position. Hopwood Financial Services Inc.’s holdings in Capital Group Dividend Value ETF were worth $1,046,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Washington Trust Advisors Inc. purchased a new stake in shares of Capital Group Dividend Value ETF in the second quarter valued at approximately $29,000. FNY Investment Advisers LLC acquired a new stake in Capital Group Dividend Value ETF in the 2nd quarter valued at $35,000. Banco de Sabadell S.A purchased a new stake in Capital Group Dividend Value ETF in the 2nd quarter worth $47,000. MassMutual Private Wealth & Trust FSB increased its holdings in Capital Group Dividend Value ETF by 38,200.0% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,149 shares of the company’s stock worth $48,000 after acquiring an additional 1,146 shares in the last quarter. Finally, Trust Co. of Vermont raised its position in Capital Group Dividend Value ETF by 83.0% during the third quarter. Trust Co. of Vermont now owns 1,347 shares of the company’s stock worth $57,000 after acquiring an additional 611 shares during the period.

Capital Group Dividend Value ETF Stock Up 0.4%

Shares of NYSEARCA CGDV opened at $45.64 on Tuesday. The firm has a market cap of $29.15 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The company’s 50-day simple moving average is $44.15 and its 200-day simple moving average is $42.72. Capital Group Dividend Value ETF has a 52-week low of $30.94 and a 52-week high of $45.75.

Capital Group Dividend Value ETF Increases Dividend

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

Capital Group Dividend Value ETF 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.