Capital Group Dividend Value ETF $CGDV Shares Acquired by Hunter Associates Investment Management LLC

Hunter Associates Investment Management LLC boosted its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 65.7% in the third quarter, Holdings Channel.com reports. The firm owned 197,725 shares of the company’s stock after acquiring an additional 78,403 shares during the period. Capital Group Dividend Value ETF comprises approximately 1.2% of Hunter Associates Investment Management LLC’s investment portfolio, making the stock its 18th largest position. Hunter Associates Investment Management LLC’s holdings in Capital Group Dividend Value ETF were worth $8,311,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC lifted its stake in Capital Group Dividend Value ETF by 91.4% in the third quarter. Harbor Investment Advisory LLC now owns 49,925 shares of the company’s stock valued at $2,098,000 after buying an additional 23,845 shares during the last quarter. Thrivent Financial for Lutherans bought a new position in Capital Group Dividend Value ETF in the 2nd quarter worth about $1,982,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Capital Group Dividend Value ETF in the third quarter valued at approximately $5,649,000. Clear Point Advisors Inc. raised its holdings in shares of Capital Group Dividend Value ETF by 22.8% during the second quarter. Clear Point Advisors Inc. now owns 53,608 shares of the company’s stock valued at $2,117,000 after buying an additional 9,965 shares during the last quarter. Finally, Fermata Advisors LLC boosted its position in shares of Capital Group Dividend Value ETF by 9.7% during the third quarter. Fermata Advisors LLC now owns 214,171 shares of the company’s stock worth $9,002,000 after buying an additional 19,012 shares during the period.

Capital Group Dividend Value ETF Price Performance

Shares of Capital Group Dividend Value ETF stock opened at $44.43 on Friday. Capital Group Dividend Value ETF has a 1-year low of $30.94 and a 1-year high of $44.67. The business’s fifty day moving average price is $43.71 and its two-hundred day moving average price is $42.37. The company has a market capitalization of $27.92 billion, a P/E ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were given a $0.1928 dividend. The ex-dividend date was Friday, December 26th. This represents a $0.77 dividend on an annualized basis and a yield of 1.7%. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14.

Capital Group Dividend Value ETF 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.