IFP Advisors Inc Has $32.83 Million Holdings in Capital Group Dividend Value ETF $CGDV

IFP Advisors Inc raised its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 5.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 666,097 shares of the company’s stock after purchasing an additional 33,843 shares during the period. Capital Group Dividend Value ETF accounts for about 0.6% of IFP Advisors Inc’s investment portfolio, making the stock its 27th largest position. IFP Advisors Inc owned approximately 0.09% of Capital Group Dividend Value ETF worth $32,825,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Flagship Wealth Advisors LLC acquired a new position in Capital Group Dividend Value ETF in the fourth quarter worth approximately $32,000. Tucker Asset Management LLC acquired a new stake in Capital Group Dividend Value ETF in the fourth quarter valued at approximately $32,000. Triumph Capital Management bought a new stake in Capital Group Dividend Value ETF in the third quarter worth approximately $32,000. TD Capital Management LLC bought a new stake in Capital Group Dividend Value ETF in the fourth quarter worth approximately $34,000. Finally, Bayban acquired a new position in shares of Capital Group Dividend Value ETF during the 1st quarter worth $36,000.

Capital Group Dividend Value ETF Stock Down 0.3%

Shares of CGDV opened at $49.91 on Wednesday. The firm has a market cap of $37.85 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. The company’s fifty day moving average is $49.81 and its 200-day moving average is $47.43. Capital Group Dividend Value ETF has a 12 month low of $41.24 and a 12 month high of $51.63.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Tuesday, June 30th were issued a $0.1471 dividend. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.11. This represents a $0.59 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Tuesday, June 30th.

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.