Wedbush Securities Inc. Acquires 344,471 Shares of Capital Group Dividend Value ETF $CGDV

Wedbush Securities Inc. bought a new position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 344,471 shares of the company’s stock, valued at approximately $16,827,000.

Several other institutional investors have also added to or reduced their stakes in the business. Bayban purchased a new position in shares of Capital Group Dividend Value ETF in the first quarter worth about $36,000. Torren Management LLC purchased a new stake in shares of Capital Group Dividend Value ETF during the 1st quarter valued at approximately $58,000. Bellevue Asset Management LLC purchased a new stake in shares of Capital Group Dividend Value ETF during the 1st quarter valued at approximately $62,000. CoreCap Advisors LLC boosted its holdings in Capital Group Dividend Value ETF by 19.5% in the 2nd quarter. CoreCap Advisors LLC now owns 1,338 shares of the company’s stock worth $66,000 after buying an additional 218 shares during the period. Finally, Beacon Financial Strategies CORP bought a new position in Capital Group Dividend Value ETF in the 2nd quarter worth approximately $79,000.

Capital Group Dividend Value ETF Stock Performance

Capital Group Dividend Value ETF stock traded down $0.31 during mid-day trading on Friday, reaching $48.45. The company’s stock had a trading volume of 2,762,883 shares, compared to its average volume of 4,098,013. Capital Group Dividend Value ETF has a 12-month low of $41.31 and a 12-month high of $51.63. The company has a market capitalization of $38.46 billion, a P/E ratio of 26.59 and a beta of 0.88. The firm’s fifty day moving average price is $49.52 and its two-hundred day moving average price is $48.62.

Capital Group Dividend Value ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were given a dividend of $0.1522 per share. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471. This represents a $0.61 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Wednesday, September 30th.

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.