Fiscal Wisdom Wealth Management LLC Makes New Investment in Capital Group Dividend Value ETF $CGDV

Fiscal Wisdom Wealth Management LLC bought a new position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) during the third quarter, HoldingsChannel reports. The institutional investor bought 59,926 shares of the company’s stock, valued at approximately $2,927,000. Capital Group Dividend Value ETF accounts for approximately 3.4% of Fiscal Wisdom Wealth Management LLC’s investment portfolio, making the stock its 7th biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Bayban acquired a new stake in Capital Group Dividend Value ETF during the 1st quarter valued at $36,000. Torren Management LLC purchased a new stake in Capital Group Dividend Value ETF during the 1st quarter worth $58,000. Bellevue Asset Management LLC purchased a new stake in Capital Group Dividend Value ETF during the 1st quarter worth $62,000. CoreCap Advisors LLC lifted its holdings 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 worth $66,000 after buying an additional 218 shares in the last quarter. Finally, Beacon Financial Strategies CORP acquired a new position in Capital Group Dividend Value ETF in the 2nd quarter worth $79,000.

Capital Group Dividend Value ETF Price Performance

NYSEARCA:CGDV opened at $48.93 on Friday. The firm has a 50-day moving average of $49.76 and a two-hundred day moving average of $48.39. The stock has a market cap of $38.72 billion, a P/E ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 1-year low of $41.31 and a 1-year high of $51.63.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were given a dividend of $0.1522 per share. 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. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.2%.

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.