IFP Advisors Inc Acquires 32,333 Shares of Capital Group Dividend Value ETF $CGDV

IFP Advisors Inc increased its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 7.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 447,603 shares of the company’s stock after purchasing an additional 32,333 shares during the quarter. IFP Advisors Inc owned 0.08% of Capital Group Dividend Value ETF worth $18,812,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CGDV. Raymond James Financial Inc. increased its holdings in Capital Group Dividend Value ETF by 14.3% during the 3rd quarter. Raymond James Financial Inc. now owns 22,125,677 shares of the company’s stock worth $929,942,000 after purchasing an additional 2,772,053 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Capital Group Dividend Value ETF by 4.0% in the third quarter. Envestnet Asset Management Inc. now owns 17,388,906 shares of the company’s stock valued at $730,856,000 after purchasing an additional 668,214 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Capital Group Dividend Value ETF by 8.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 16,693,552 shares of the company’s stock worth $701,630,000 after buying an additional 1,365,491 shares during the period. Bank of America Corp DE grew its holdings in shares of Capital Group Dividend Value ETF by 20.4% during the third quarter. Bank of America Corp DE now owns 15,868,443 shares of the company’s stock worth $666,951,000 after buying an additional 2,688,496 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Capital Group Dividend Value ETF by 11.1% during the third quarter. Commonwealth Equity Services LLC now owns 10,957,728 shares of the company’s stock worth $460,553,000 after buying an additional 1,093,062 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

NYSEARCA CGDV opened at $43.14 on Thursday. Capital Group Dividend Value ETF has a 52 week low of $30.94 and a 52 week high of $46.01. The stock’s 50 day moving average price is $44.81 and its two-hundred day moving average price is $43.47. The stock has a market capitalization of $27.55 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently announced 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. The ex-dividend date was Friday, December 26th. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. This represents a $0.77 annualized dividend and a yield of 1.8%.

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.