KWB Wealth Sells 434,303 Shares of Capital Group Dividend Value ETF $CGDV

KWB Wealth decreased its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 74.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,691 shares of the company’s stock after selling 434,303 shares during the period. KWB Wealth’s holdings in Capital Group Dividend Value ETF were worth $7,117,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CGDV. Melone Private Wealth LLC lifted its stake in shares of Capital Group Dividend Value ETF by 2.4% during the 3rd quarter. Melone Private Wealth LLC now owns 373,487 shares of the company’s stock valued at $18,245,000 after buying an additional 8,803 shares in the last quarter. Selby Wealth Management LLC grew its stake in Capital Group Dividend Value ETF by 10.5% in the 3rd quarter. Selby Wealth Management LLC now owns 80,802 shares of the company’s stock valued at $3,947,000 after buying an additional 7,691 shares in the last quarter. TD Waterhouse Canada Inc. grew its stake in Capital Group Dividend Value ETF by 11.5% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 2,175 shares of the company’s stock valued at $106,000 after buying an additional 225 shares in the last quarter. WealthBridge Capital Management LLC purchased a new position in Capital Group Dividend Value ETF in the 3rd quarter valued at approximately $280,000. Finally, James T. Borello RIA raised its holdings in Capital Group Dividend Value ETF by 1.9% during the 3rd quarter. James T. Borello RIA now owns 684,141 shares of the company’s stock valued at $33,420,000 after acquiring an additional 13,072 shares during the period.

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA:CGDV traded down $0.46 during trading on Friday, hitting $48.93. 3,868,869 shares of the company were exchanged, compared to its average volume of 4,130,315. The company has a market cap of $38.72 billion, a PE ratio of 26.59 and a beta of 0.88. The stock has a 50 day moving average of $49.76 and a 200 day moving average of $48.39. Capital Group Dividend Value ETF has a 52-week low of $41.31 and a 52-week high of $51.63.

Capital Group Dividend Value ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were paid a dividend of $0.1522 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Wednesday, September 30th. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471.

Capital Group Dividend Value ETF Company 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.