Swisher Financial Concepts Inc. Sells 30,050 Shares of Capital Group Dividend Value ETF $CGDV

Swisher Financial Concepts Inc. cut its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 10.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 262,592 shares of the company’s stock after selling 30,050 shares during the quarter. Capital Group Dividend Value ETF comprises 6.6% of Swisher Financial Concepts Inc.’s portfolio, making the stock its 4th largest position. Swisher Financial Concepts Inc.’s holdings in Capital Group Dividend Value ETF were worth $11,037,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Trust Co. of Vermont acquired a new position in shares of Capital Group Dividend Value ETF in the 2nd quarter valued at $29,000. Washington Trust Advisors Inc. acquired a new stake in shares of Capital Group Dividend Value ETF during the second quarter worth $29,000. FNY Investment Advisers LLC bought a new stake in Capital Group Dividend Value ETF in the second quarter valued at about $35,000. Banco de Sabadell S.A acquired a new position in Capital Group Dividend Value ETF in the second quarter valued at about $47,000. Finally, Blue Trust Inc. lifted its stake in Capital Group Dividend Value ETF by 26.8% in the second quarter. Blue Trust Inc. now owns 1,522 shares of the company’s stock valued at $60,000 after buying an additional 322 shares during the period.

Capital Group Dividend Value ETF Trading Down 0.0%

Shares of CGDV opened at $43.93 on Wednesday. The stock has a market cap of $24.79 billion, a P/E ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 1 year low of $30.94 and a 1 year high of $44.26. The stock’s 50-day moving average price is $43.22 and its two-hundred day moving average price is $41.77.

Capital Group Dividend Value ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors 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 a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14.

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.