Kingsview Wealth Management LLC Increases Stock Position in Capital Group Dividend Value ETF $CGDV

Kingsview Wealth Management LLC raised its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 164.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 344,643 shares of the company’s stock after acquiring an additional 214,474 shares during the quarter. Kingsview Wealth Management LLC owned approximately 0.06% of Capital Group Dividend Value ETF worth $14,485,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Fisher Asset Management LLC purchased a new position in Capital Group Dividend Value ETF during the 3rd quarter valued at about $378,000. PKS Advisory Services LLC bought a new stake in shares of Capital Group Dividend Value ETF in the 3rd quarter worth approximately $433,000. Huntington National Bank purchased a new position in shares of Capital Group Dividend Value ETF during the third quarter valued at approximately $49,000. Creative Financial Designs Inc. ADV raised its holdings in shares of Capital Group Dividend Value ETF by 0.9% during the third quarter. Creative Financial Designs Inc. ADV now owns 635,453 shares of the company’s stock valued at $26,708,000 after acquiring an additional 5,444 shares in the last quarter. Finally, Mason Investment Advisory Services Inc. raised its holdings in shares of Capital Group Dividend Value ETF by 7.3% during the third quarter. Mason Investment Advisory Services Inc. now owns 476,407 shares of the company’s stock valued at $20,023,000 after acquiring an additional 32,420 shares in the last quarter.

Capital Group Dividend Value ETF Stock Down 0.1%

NYSEARCA:CGDV opened at $45.59 on Monday. The firm’s fifty day simple moving average is $44.73 and its 200 day simple moving average is $43.20. The stock has a market cap of $29.11 billion, a P/E ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a twelve month low of $30.94 and a twelve month high of $46.01.

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 paid a dividend of $0.1928 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.7%. 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 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.