PFG Advisors Raises Holdings in Capital Group Dividend Value ETF $CGDV

PFG Advisors raised its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 10.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 337,924 shares of the company’s stock after acquiring an additional 30,678 shares during the period. PFG Advisors’ holdings in Capital Group Dividend Value ETF were worth $14,203,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CGDV. Banco de Sabadell S.A purchased a new position in shares of Capital Group Dividend Value ETF in the 2nd quarter worth about $47,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Capital Group Dividend Value ETF by 38,200.0% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,149 shares of the company’s stock worth $48,000 after purchasing an additional 1,146 shares during the period. Huntington National Bank acquired a new stake in Capital Group Dividend Value ETF during the 3rd quarter worth approximately $49,000. CENTRAL TRUST Co acquired a new stake in Capital Group Dividend Value ETF during the 3rd quarter worth approximately $52,000. Finally, Trust Co. of Vermont raised its holdings in Capital Group Dividend Value ETF by 83.0% in the third quarter. Trust Co. of Vermont now owns 1,347 shares of the company’s stock valued at $57,000 after buying an additional 611 shares during the period.

Capital Group Dividend Value ETF Stock Performance

NYSEARCA CGDV opened at $44.14 on Monday. The firm has a market capitalization of $28.19 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a one year low of $30.94 and a one year high of $46.01. The company’s 50 day moving average price is $44.81 and its 200 day moving average price is $43.34.

Capital Group Dividend Value ETF Increases Dividend

The firm 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. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.77 dividend on an annualized basis and a dividend 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 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.