Kaizen Financial Strategies Increases Stake in Capital Group Dividend Value ETF $CGDV

Kaizen Financial Strategies boosted its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 17.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 290,285 shares of the company’s stock after acquiring an additional 42,826 shares during the period. Capital Group Dividend Value ETF accounts for 5.6% of Kaizen Financial Strategies’ portfolio, making the stock its 4th largest position. Kaizen Financial Strategies’ holdings in Capital Group Dividend Value ETF were worth $12,291,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CGDV. Banco de Sabadell S.A bought a new position in shares of Capital Group Dividend Value ETF in the 2nd quarter worth $47,000. MassMutual Private Wealth & Trust FSB increased its holdings 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 purchasing an additional 1,146 shares during the last quarter. CENTRAL TRUST Co acquired a new position in Capital Group Dividend Value ETF in the third quarter valued at about $52,000. Trust Co. of Vermont boosted its holdings in Capital Group Dividend Value ETF by 83.0% during the third quarter. Trust Co. of Vermont now owns 1,347 shares of the company’s stock worth $57,000 after buying an additional 611 shares during the last quarter. Finally, Simplex Trading LLC boosted its holdings in Capital Group Dividend Value ETF by 692.6% during the second quarter. Simplex Trading LLC now owns 1,600 shares of the company’s stock worth $63,000 after buying an additional 1,870 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of CGDV stock opened at $45.65 on Friday. The stock has a market cap of $29.15 billion, a PE ratio of 26.59 and a beta of 0.89. The stock has a 50-day moving average of $44.69 and a 200-day moving average of $43.14. Capital Group Dividend Value ETF has a one year low of $30.94 and a one year high of $46.01.

Capital Group Dividend Value ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were issued a dividend of $0.1928 per share. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. This represents a $0.77 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, December 26th.

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.