Quantum Financial Partners LLC Sells 19,210 Shares of Capital Group Dividend Value ETF $CGDV

Quantum Financial Partners LLC cut its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 32.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,898 shares of the company’s stock after selling 19,210 shares during the quarter. Capital Group Dividend Value ETF comprises approximately 1.0% of Quantum Financial Partners LLC’s holdings, making the stock its 28th largest holding. Quantum Financial Partners LLC’s holdings in Capital Group Dividend Value ETF were worth $1,949,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bayban purchased a new stake in shares of Capital Group Dividend Value ETF in the first quarter valued at $36,000. Torren Management LLC bought a new stake in shares of Capital Group Dividend Value ETF in the 1st quarter worth about $58,000. Bellevue Asset Management LLC bought a new stake in shares of Capital Group Dividend Value ETF in the 1st quarter worth about $62,000. CoreCap Advisors LLC lifted its holdings in shares of 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 acquiring an additional 218 shares during the last quarter. Finally, Beacon Financial Strategies CORP purchased a new position in shares of Capital Group Dividend Value ETF during the 2nd quarter worth about $79,000.

Capital Group Dividend Value ETF Stock Up 0.4%

NYSEARCA:CGDV traded up $0.20 during mid-day trading on Monday, hitting $49.13. 1,230,184 shares of the stock traded hands, compared to its average volume of 4,115,556. The stock has a market capitalization of $38.89 billion, a price-to-earnings 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 moving average is $49.76 and its two-hundred day moving average is $48.44.

Capital Group Dividend Value ETF Increases Dividend

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

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.