Capital Group Dividend Value ETF $CGDV Stock Bought by D.A. Davidson & CO.

D.A. Davidson & CO. increased its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 1.3% during the third quarter, HoldingsChannel reports. The firm owned 3,780,677 shares of the company’s stock after acquiring an additional 48,151 shares during the period. Capital Group Dividend Value ETF comprises approximately 1.0% of D.A. Davidson & CO.’s portfolio, making the stock its 17th biggest holding. D.A. Davidson & CO.’s holdings in Capital Group Dividend Value ETF were worth $184,686,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. North Star Investment Management Corp. raised its stake in shares of Capital Group Dividend Value ETF by 162.5% in the third quarter. North Star Investment Management Corp. now owns 2,100 shares of the company’s stock valued at $103,000 after buying an additional 1,300 shares during the period. BLB&B Advisors LLC purchased a new position in shares of Capital Group Dividend Value ETF during the 3rd quarter valued at $230,000. Armor Investment Advisors LLC grew its stake in shares of Capital Group Dividend Value ETF by 1.5% during the 3rd quarter. Armor Investment Advisors LLC now owns 241,164 shares of the company’s stock worth $11,781,000 after acquiring an additional 3,491 shares during the period. Victory Financial Group LLC grew its stake in shares of Capital Group Dividend Value ETF by 129.9% during the 3rd quarter. Victory Financial Group LLC now owns 267,036 shares of the company’s stock worth $13,045,000 after acquiring an additional 150,891 shares during the period. Finally, IMG Wealth Management Inc. grew its stake in shares of Capital Group Dividend Value ETF by 11.7% during the 3rd quarter. IMG Wealth Management Inc. now owns 314,570 shares of the company’s stock worth $15,367,000 after acquiring an additional 32,830 shares during the period.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV opened at $49.44 on Thursday. The business has a 50-day moving average of $49.45 and a 200 day moving average of $47.39. Capital Group Dividend Value ETF has a fifty-two week low of $41.31 and a fifty-two week high of $51.63. The firm has a market cap of $39.32 billion, a P/E ratio of 26.59 and a beta of 0.88.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were given a $0.1522 dividend. This represents a $0.61 annualized dividend and a dividend yield of 1.2%. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471. The ex-dividend date of this dividend 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.