27,021 Capital Group Dividend Value ETF $CGDV Shares Sold by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. lowered its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 44.8% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 33,256 shares of the company’s stock after selling 27,021 shares during the period. Summit Wealth Group LLC Co.’s holdings in Capital Group Dividend Value ETF were worth $1,625,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. CoreCap Advisors LLC boosted its stake in shares of Capital Group Dividend Value ETF by 19.5% in the second 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 last quarter. Torren Management LLC acquired a new stake in Capital Group Dividend Value ETF during the first quarter worth about $58,000. Beacon Financial Strategies CORP acquired a new stake in Capital Group Dividend Value ETF during the second quarter worth about $79,000. Abound Wealth Management raised its position in Capital Group Dividend Value ETF by 5,441.7% during the second quarter. Abound Wealth Management now owns 1,995 shares of the company’s stock valued at $98,000 after acquiring an additional 1,959 shares in the last quarter. Finally, North Star Investment Management Corp. raised its position in Capital Group Dividend Value ETF by 162.5% during the third quarter. North Star Investment Management Corp. now owns 2,100 shares of the company’s stock valued at $103,000 after acquiring an additional 1,300 shares in the last quarter.

Capital Group Dividend Value ETF Trading Down 0.3%

Shares of CGDV stock opened at $48.67 on Tuesday. Capital Group Dividend Value ETF has a twelve month low of $41.31 and a twelve month high of $51.63. The stock has a market cap of $38.77 billion, a P/E ratio of 26.59 and a beta of 0.88. The stock has a 50 day moving average of $49.38 and a 200 day moving average of $47.46.

Capital Group Dividend Value ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders 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 1.3%. The ex-dividend date of this dividend 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 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.