Integrated Wealth Concepts LLC Buys 100,477 Shares of Capital Group Dividend Value ETF $CGDV

Integrated Wealth Concepts LLC increased its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 9.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,213,477 shares of the company’s stock after purchasing an additional 100,477 shares during the quarter. Integrated Wealth Concepts LLC owned 0.22% of Capital Group Dividend Value ETF worth $51,002,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CGDV. Banco de Sabadell S.A bought a new stake in shares of Capital Group Dividend Value ETF in the 2nd quarter worth about $47,000. MassMutual Private Wealth & Trust FSB grew its holdings 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 last quarter. Huntington National Bank purchased a new stake in Capital Group Dividend Value ETF in the 3rd quarter worth about $49,000. CENTRAL TRUST Co bought a new stake in Capital Group Dividend Value ETF in the third quarter worth about $52,000. Finally, Trust Co. of Vermont lifted its stake in Capital Group Dividend Value ETF by 83.0% in the third quarter. Trust Co. of Vermont now owns 1,347 shares of the company’s stock worth $57,000 after purchasing an additional 611 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA:CGDV opened at $43.51 on Monday. The firm has a market capitalization of $27.79 billion, a PE ratio of 26.59 and a beta of 0.89. The business has a 50 day simple moving average of $44.85 and a two-hundred day simple moving average of $43.44. Capital Group Dividend Value ETF has a 1 year low of $30.94 and a 1 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 issued a dividend of $0.1928 per share. This represents a $0.77 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, December 26th. This is an increase 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.