Western Wealth Management LLC Buys 243,853 Shares of Capital Group Dividend Value ETF $CGDV

Western Wealth Management LLC increased its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 32.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,000,724 shares of the company’s stock after purchasing an additional 243,853 shares during the period. Capital Group Dividend Value ETF accounts for about 2.2% of Western Wealth Management LLC’s portfolio, making the stock its 8th largest position. Western Wealth Management LLC owned about 0.18% of Capital Group Dividend Value ETF worth $42,060,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Raymond James Financial Inc. lifted its stake in shares of 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 during the period. Envestnet Asset Management Inc. raised its stake in Capital Group Dividend Value ETF by 4.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 17,388,906 shares of the company’s stock worth $730,856,000 after acquiring an additional 668,214 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Capital Group Dividend Value ETF by 10.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 15,328,061 shares of the company’s stock worth $605,305,000 after acquiring an additional 1,496,823 shares during the period. Bank of America Corp DE grew its stake in Capital Group Dividend Value ETF by 23.1% during the 2nd quarter. Bank of America Corp DE now owns 13,179,947 shares of the company’s stock valued at $520,476,000 after purchasing an additional 2,471,984 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings 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 valued at $467,957,000 after purchasing an additional 1,730,269 shares during the period.

Capital Group Dividend Value ETF Stock Up 2.4%

Shares of NYSEARCA:CGDV opened at $45.47 on Monday. Capital Group Dividend Value ETF has a 52-week low of $30.94 and a 52-week high of $45.55. The stock has a market cap of $29.04 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. The business has a 50-day moving average price of $44.11 and a 200-day moving average price of $42.69.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were issued a $0.1928 dividend. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.77 annualized dividend and a dividend yield of 1.7%.

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.