Capital Group Dividend Value ETF $CGDV Stock Position Lifted by Entruity Wealth LLC

Entruity Wealth LLC grew its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 2.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 408,182 shares of the company’s stock after purchasing an additional 11,518 shares during the quarter. Capital Group Dividend Value ETF makes up 13.3% of Entruity Wealth LLC’s investment portfolio, making the stock its largest holding. Entruity Wealth LLC’s holdings in Capital Group Dividend Value ETF were worth $17,156,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Florida Financial Advisors LLC purchased a new stake in Capital Group Dividend Value ETF during the third quarter worth about $306,000. MSH Capital Advisors LLC grew its position in shares of Capital Group Dividend Value ETF by 5.2% during the 3rd quarter. MSH Capital Advisors LLC now owns 21,607 shares of the company’s stock valued at $908,000 after acquiring an additional 1,073 shares during the period. Balboa Wealth Partners increased its stake in shares of Capital Group Dividend Value ETF by 4.9% during the 3rd quarter. Balboa Wealth Partners now owns 8,436 shares of the company’s stock worth $355,000 after purchasing an additional 395 shares during the last quarter. Carson Advisory Inc. raised its holdings in shares of Capital Group Dividend Value ETF by 8.1% in the 3rd quarter. Carson Advisory Inc. now owns 79,225 shares of the company’s stock worth $3,330,000 after purchasing an additional 5,925 shares during the period. Finally, Oxinas Partners Wealth Management LLC purchased a new position in Capital Group Dividend Value ETF in the third quarter valued at approximately $234,000.

Capital Group Dividend Value ETF Trading Up 0.1%

Shares of NYSEARCA CGDV opened at $45.33 on Friday. The stock has a fifty day simple moving average of $44.30 and a two-hundred day simple moving average of $42.82. Capital Group Dividend Value ETF has a 1-year low of $30.94 and a 1-year high of $46.01. The firm has a market cap of $28.95 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were issued a $0.1928 dividend. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend 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.