Capital Group Dividend Value ETF $CGDV Shares Acquired by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC boosted its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 46.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,193 shares of the company’s stock after purchasing an additional 24,620 shares during the quarter. Stonebridge Financial Group LLC’s holdings in Capital Group Dividend Value ETF were worth $3,244,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its holdings in shares of Capital Group Dividend Value ETF by 1.7% during the second quarter. Ameriprise Financial Inc. now owns 16,080 shares of the company’s stock valued at $635,000 after acquiring an additional 263 shares during the period. Fiduciary Alliance LLC lifted its position in Capital Group Dividend Value ETF by 0.9% in the 3rd quarter. Fiduciary Alliance LLC now owns 31,880 shares of the company’s stock valued at $1,340,000 after purchasing an additional 276 shares during the last quarter. Blue Trust Inc. lifted its position in Capital Group Dividend Value ETF by 26.8% in the 2nd quarter. Blue Trust Inc. now owns 1,522 shares of the company’s stock valued at $60,000 after purchasing an additional 322 shares during the last quarter. United Advisor Group LLC boosted its stake in Capital Group Dividend Value ETF by 4.3% during the 2nd quarter. United Advisor Group LLC now owns 8,976 shares of the company’s stock valued at $354,000 after purchasing an additional 374 shares during the period. Finally, Signature Wealth Management Group boosted its stake in Capital Group Dividend Value ETF by 3.3% during the 2nd quarter. Signature Wealth Management Group now owns 12,632 shares of the company’s stock valued at $499,000 after purchasing an additional 406 shares during the period.

Capital Group Dividend Value ETF Trading Down 0.0%

CGDV opened at $43.93 on Wednesday. The business’s 50 day moving average is $43.22 and its 200-day moving average is $41.77. The stock has a market cap of $24.79 billion, a PE ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a twelve month low of $30.94 and a twelve month high of $44.26.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were paid a dividend of $0.1928 per share. This represents a $0.77 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, December 26th. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14.

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.