Silver Oak Securities Incorporated Raises Stake in Capital Group Dividend Value ETF $CGDV

Silver Oak Securities Incorporated raised its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 14.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 559,300 shares of the company’s stock after acquiring an additional 69,755 shares during the quarter. Capital Group Dividend Value ETF accounts for about 1.8% of Silver Oak Securities Incorporated’s portfolio, making the stock its 6th biggest holding. Silver Oak Securities Incorporated owned 0.10% of Capital Group Dividend Value ETF worth $23,507,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Bank of America Corp DE raised its holdings in shares of Capital Group Dividend Value ETF by 23.1% in the 2nd quarter. Bank of America Corp DE now owns 13,179,947 shares of the company’s stock worth $520,476,000 after purchasing an additional 2,471,984 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in Capital Group Dividend Value ETF by 11.5% during the second quarter. Raymond James Financial Inc. now owns 19,353,624 shares of the company’s stock worth $764,275,000 after buying an additional 1,999,975 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Capital Group Dividend Value ETF by 17.1% during the second quarter. Cetera Investment Advisers now owns 11,850,016 shares of the company’s stock worth $467,957,000 after buying an additional 1,730,269 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Capital Group Dividend Value ETF by 9.9% in the second quarter. Envestnet Asset Management Inc. now owns 16,720,692 shares of the company’s stock worth $660,300,000 after buying an additional 1,513,067 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Capital Group Dividend Value ETF by 10.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 15,328,061 shares of the company’s stock valued at $605,305,000 after buying an additional 1,496,823 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

Shares of NYSEARCA:CGDV opened at $43.64 on Friday. The company has a market capitalization of $24.63 billion, a PE ratio of 26.59 and a beta of 0.89. The stock has a fifty day moving average of $43.26 and a 200-day moving average of $41.79. Capital Group Dividend Value ETF has a one year low of $30.94 and a one year high of $44.26.

Capital Group Dividend Value ETF Increases Dividend

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

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.