Vicus Capital Increases Position in Capital Group Dividend Value ETF $CGDV

Vicus Capital grew its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 1,443.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 151,841 shares of the company’s stock after acquiring an additional 142,004 shares during the period. Vicus Capital’s holdings in Capital Group Dividend Value ETF were worth $6,382,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CGDV. Bank of America Corp DE grew its stake 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 buying an additional 2,471,984 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in Capital Group Dividend Value ETF by 11.5% in the second quarter. Raymond James Financial Inc. now owns 19,353,624 shares of the company’s stock worth $764,275,000 after acquiring an additional 1,999,975 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Capital Group Dividend Value ETF by 17.1% in the second quarter. Cetera Investment Advisers now owns 11,850,016 shares of the company’s stock worth $467,957,000 after acquiring an additional 1,730,269 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of 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 acquiring 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% during 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 acquiring an additional 1,496,823 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

CGDV opened at $44.46 on Monday. The firm has a market cap of $27.34 billion, a PE ratio of 26.59 and a beta of 0.89. The stock has a 50-day moving average price of $43.41 and a 200-day moving average price of $42.08. Capital Group Dividend Value ETF has a 1 year low of $30.94 and a 1 year high of $44.50.

Capital Group Dividend Value ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were paid a $0.1928 dividend. This is a boost 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 1.7%. The ex-dividend date was Friday, December 26th.

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.