Capital Group Dividend Value ETF $CGDV Stock: Optima Capital LLC Reduces Position

Optima Capital LLC trimmed its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 60.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,317 shares of the company’s stock after selling 13,964 shares during the period. Optima Capital LLC’s holdings in Capital Group Dividend Value ETF were worth $456,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Torren Management LLC bought a new position in shares of Capital Group Dividend Value ETF during the 1st quarter worth $58,000. CoreCap Advisors LLC raised its stake in Capital Group Dividend Value ETF by 19.5% in the 2nd quarter. CoreCap Advisors LLC now owns 1,338 shares of the company’s stock valued at $66,000 after acquiring an additional 218 shares during the period. Beacon Financial Strategies CORP bought a new stake in Capital Group Dividend Value ETF in the 2nd quarter valued at about $79,000. Abound Wealth Management raised its stake in Capital Group Dividend Value ETF by 5,441.7% in the 2nd quarter. Abound Wealth Management now owns 1,995 shares of the company’s stock valued at $98,000 after acquiring an additional 1,959 shares during the period. Finally, North Star Investment Management Corp. lifted its holdings in Capital Group Dividend Value ETF by 162.5% during the third quarter. North Star Investment Management Corp. now owns 2,100 shares of the company’s stock valued at $103,000 after purchasing an additional 1,300 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

NYSEARCA CGDV opened at $48.81 on Monday. The company has a market cap of $38.88 billion, a PE ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 52 week low of $41.31 and a 52 week high of $51.63. The firm’s 50-day simple moving average is $49.41 and its two-hundred day simple moving average is $47.44.

Capital Group Dividend Value ETF Increases Dividend

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

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.