Capital Group Dividend Value ETF $CGDV Stake Reduced by Harbour Investments Inc.

Harbour Investments Inc. trimmed its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 4.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,042,640 shares of the company’s stock after selling 43,228 shares during the quarter. Capital Group Dividend Value ETF accounts for about 0.8% of Harbour Investments Inc.’s portfolio, making the stock its 24th biggest holding. Harbour Investments Inc.’s holdings in Capital Group Dividend Value ETF were worth $50,933,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Cetera Investment Advisers boosted its position in shares of Capital Group Dividend Value ETF by 12.0% during the 1st quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock valued at $781,004,000 after purchasing an additional 1,959,868 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Capital Group Dividend Value ETF by 7.0% in the 1st quarter. Bank of America Corp DE now owns 17,913,033 shares of the company’s stock worth $762,020,000 after purchasing an additional 1,166,097 shares during the last quarter. Confluence Wealth Services Inc. raised its holdings in shares of Capital Group Dividend Value ETF by 12.3% in the 3rd quarter. Confluence Wealth Services Inc. now owns 7,814,179 shares of the company’s stock worth $381,723,000 after purchasing an additional 854,553 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in shares of Capital Group Dividend Value ETF by 9.4% in the 3rd quarter. Kestra Advisory Services LLC now owns 7,609,979 shares of the company’s stock worth $371,747,000 after purchasing an additional 654,911 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Capital Group Dividend Value ETF by 19.6% in the 1st quarter. Royal Bank of Canada now owns 7,479,465 shares of the company’s stock worth $318,176,000 after purchasing an additional 1,223,486 shares in the last quarter.

Capital Group Dividend Value ETF Trading Down 0.4%

CGDV stock traded down $0.19 on Friday, hitting $48.56. 2,737,554 shares of the company’s stock traded hands, compared to its average volume of 4,042,742. Capital Group Dividend Value ETF has a 1-year low of $41.31 and a 1-year high of $51.63. The stock has a market cap of $38.76 billion, a price-to-earnings ratio of 23.29 and a beta of 0.88. The stock has a fifty day moving average of $49.10 and a 200-day moving average of $47.65.

Capital Group Dividend Value ETF Increases Dividend

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

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.