Capital Group Dividend Value ETF $CGDV Shares Acquired by Lodestone Wealth Management LLC

Lodestone Wealth Management LLC boosted its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 12.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 146,944 shares of the company’s stock after acquiring an additional 15,757 shares during the quarter. Capital Group Dividend Value ETF accounts for 2.4% of Lodestone Wealth Management LLC’s portfolio, making the stock its 6th largest position. Lodestone Wealth Management LLC’s holdings in Capital Group Dividend Value ETF were worth $7,178,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CGDV. Ballew Advisors Inc raised its stake in Capital Group Dividend Value ETF by 1.5% during the 3rd quarter. Ballew Advisors Inc now owns 13,713 shares of the company’s stock valued at $675,000 after acquiring an additional 203 shares in the last quarter. Symphony Financial Ltd. Co. boosted its position in Capital Group Dividend Value ETF by 3.8% during the 2nd quarter. Symphony Financial Ltd. Co. now owns 5,641 shares of the company’s stock worth $278,000 after acquiring an additional 204 shares during the period. CoreCap Advisors LLC grew its stake in shares of Capital Group Dividend Value ETF by 19.5% in the second quarter. CoreCap Advisors LLC now owns 1,338 shares of the company’s stock worth $66,000 after purchasing an additional 218 shares in the last quarter. Berger Financial Group Inc grew its stake in shares of Capital Group Dividend Value ETF by 3.1% in the first quarter. Berger Financial Group Inc now owns 7,519 shares of the company’s stock worth $320,000 after purchasing an additional 224 shares in the last quarter. Finally, Warner Financial Inc. grew its stake in shares of Capital Group Dividend Value ETF by 1.1% in the second quarter. Warner Financial Inc. now owns 23,487 shares of the company’s stock worth $1,157,000 after purchasing an additional 263 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of CGDV traded down $0.56 during trading hours on Wednesday, reaching $49.12. 1,485,415 shares of the company’s stock traded hands, compared to its average volume of 4,128,535. The firm has a market capitalization of $38.81 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a twelve month low of $41.31 and a twelve month high of $51.63. The business’s fifty day simple moving average is $49.87 and its two-hundred day simple moving average is $48.29.

Capital Group Dividend Value ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were paid a dividend of $0.1522 per share. This represents a $0.61 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, September 30th. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471.

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.