Vestmark Advisory Solutions Inc. Has $21.74 Million Stock Position in Capital Group Dividend Value ETF $CGDV

Vestmark Advisory Solutions Inc. cut its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 61.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 517,355 shares of the company’s stock after selling 813,227 shares during the quarter. Vestmark Advisory Solutions Inc. owned 0.09% of Capital Group Dividend Value ETF worth $21,744,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Washington Trust Advisors Inc. acquired a new stake in shares of Capital Group Dividend Value ETF during the second quarter valued at approximately $29,000. FNY Investment Advisers LLC acquired a new position in Capital Group Dividend Value ETF in the 2nd quarter worth approximately $35,000. Banco de Sabadell S.A purchased a new position in Capital Group Dividend Value ETF during the 2nd quarter worth approximately $47,000. MassMutual Private Wealth & Trust FSB raised its stake in Capital Group Dividend Value ETF by 38,200.0% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,149 shares of the company’s stock valued at $48,000 after purchasing an additional 1,146 shares during the period. Finally, CENTRAL TRUST Co purchased a new stake in shares of Capital Group Dividend Value ETF in the third quarter valued at $52,000.

Capital Group Dividend Value ETF Trading Up 0.7%

Shares of CGDV stock opened at $45.86 on Friday. The company has a market capitalization of $29.29 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 1-year low of $30.94 and a 1-year high of $46.01. The stock’s fifty day simple moving average is $44.50 and its 200-day simple moving average is $43.01.

Capital Group Dividend Value ETF Increases Dividend

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

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.