Sovran Advisors LLC Grows Position in Capital Group Dividend Value ETF $CGDV

Sovran Advisors LLC boosted its position in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 22.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 366,757 shares of the company’s stock after purchasing an additional 67,327 shares during the period. Capital Group Dividend Value ETF makes up approximately 1.4% of Sovran Advisors LLC’s investment portfolio, making the stock its 11th biggest holding. Sovran Advisors LLC owned approximately 0.07% of Capital Group Dividend Value ETF worth $15,650,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Trust Co. of Vermont purchased a new position in Capital Group Dividend Value ETF during the 2nd quarter valued at $29,000. Washington Trust Advisors Inc. purchased a new stake in shares of Capital Group Dividend Value ETF during the second quarter valued at $29,000. FNY Investment Advisers LLC bought a new position in shares of Capital Group Dividend Value ETF in the second quarter worth about $35,000. MassMutual Private Wealth & Trust FSB increased its stake in Capital Group Dividend Value ETF by 38,200.0% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,149 shares of the company’s stock worth $48,000 after buying an additional 1,146 shares during the period. Finally, Banco de Sabadell S.A purchased a new position in Capital Group Dividend Value ETF in the 2nd quarter worth about $47,000.

Capital Group Dividend Value ETF Price Performance

Shares of CGDV stock opened at $44.43 on Monday. The company’s 50-day simple moving average is $43.71 and its two-hundred day simple moving average is $42.40. Capital Group Dividend Value ETF has a one year low of $30.94 and a one year high of $44.67. The company has a market capitalization of $27.92 billion, a P/E ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were issued a dividend of $0.1928 per share. This represents a $0.77 annualized dividend and a yield of 1.7%. The ex-dividend date 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.