Teamwork Financial Advisors LLC Buys Shares of 545,485 Capital Group Dividend Value ETF $CGDV

Teamwork Financial Advisors LLC purchased a new stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 545,485 shares of the company’s stock, valued at approximately $23,805,000. Capital Group Dividend Value ETF comprises approximately 2.4% of Teamwork Financial Advisors LLC’s investment portfolio, making the stock its 7th largest position.

A number of other hedge funds have also modified their holdings of the business. Triumph Capital Management acquired a new stake in shares of Capital Group Dividend Value ETF during the 3rd quarter worth about $32,000. Banco de Sabadell S.A acquired a new position in Capital Group Dividend Value ETF in the second quarter valued at about $47,000. MassMutual Private Wealth & Trust FSB lifted its position in Capital Group Dividend Value ETF by 38,200.0% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,149 shares of the company’s stock valued at $48,000 after buying an additional 1,146 shares during the last quarter. Huntington National Bank purchased a new position in Capital Group Dividend Value ETF during the third quarter worth about $49,000. Finally, CENTRAL TRUST Co purchased a new position in Capital Group Dividend Value ETF during the third quarter worth about $52,000.

Capital Group Dividend Value ETF Price Performance

Shares of CGDV opened at $42.50 on Monday. The firm has a 50-day simple moving average of $44.75 and a two-hundred day simple moving average of $43.50. The stock has a market cap of $27.14 billion, a PE ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 1-year low of $30.94 and a 1-year high of $46.01.

Capital Group Dividend Value ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were given a dividend of $0.1928 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, December 26th. This is an increase 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.