Essex Financial Services Inc. Buys 13,431 Shares of Capital Group Dividend Value ETF $CGDV

Essex Financial Services Inc. lifted its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 6.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 236,655 shares of the company’s stock after purchasing an additional 13,431 shares during the quarter. Essex Financial Services Inc.’s holdings in Capital Group Dividend Value ETF were worth $9,947,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Washington Trust Advisors Inc. purchased a new position in Capital Group Dividend Value ETF during the 2nd quarter valued at about $29,000. FNY Investment Advisers LLC bought a new position in shares of Capital Group Dividend Value ETF in the second quarter valued at approximately $35,000. MassMutual Private Wealth & Trust FSB grew its stake in Capital Group Dividend Value ETF by 38,200.0% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,149 shares of the company’s stock valued at $48,000 after acquiring an additional 1,146 shares in the last quarter. Banco de Sabadell S.A bought a new stake in Capital Group Dividend Value ETF during the 2nd quarter worth approximately $47,000. Finally, CENTRAL TRUST Co purchased a new stake in Capital Group Dividend Value ETF in the 3rd quarter worth approximately $52,000.

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA:CGDV opened at $45.45 on Wednesday. The firm has a fifty day moving average price of $44.38 and a two-hundred day moving average price of $42.92. The company has a market cap of $29.02 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a one year low of $30.94 and a one year high of $46.01.

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 paid a dividend of $0.1928 per share. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. This represents a $0.77 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, December 26th.

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.