Capital Group Dividend Value ETF $CGDV Stock: AA Financial Advisors LLC Boosts Holdings

AA Financial Advisors LLC lifted its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 3.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 951,821 shares of the company’s stock after acquiring an additional 27,508 shares during the period. Capital Group Dividend Value ETF comprises about 5.5% of AA Financial Advisors LLC’s holdings, making the stock its 2nd biggest position. AA Financial Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $46,496,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CGDV. Teamwork Financial Advisors LLC grew its position in Capital Group Dividend Value ETF by 1.1% during the 3rd quarter. Teamwork Financial Advisors LLC now owns 575,735 shares of the company’s stock worth $28,125,000 after purchasing an additional 6,078 shares during the last quarter. Richards Merrill & Peterson Inc. increased its stake in Capital Group Dividend Value ETF by 18.6% during the 3rd quarter. Richards Merrill & Peterson Inc. now owns 76,990 shares of the company’s stock valued at $3,761,000 after purchasing an additional 12,100 shares in the last quarter. Herold Advisors Inc. raised its holdings in shares of Capital Group Dividend Value ETF by 8.8% in the third quarter. Herold Advisors Inc. now owns 61,023 shares of the company’s stock worth $2,981,000 after buying an additional 4,932 shares during the last quarter. LongView Wealth Management raised its holdings in shares of Capital Group Dividend Value ETF by 8.7% in the third quarter. LongView Wealth Management now owns 264,674 shares of the company’s stock worth $12,929,000 after buying an additional 21,086 shares during the last quarter. Finally, Independent Wealth Network Inc. raised its holdings in shares of Capital Group Dividend Value ETF by 7.2% in the third quarter. Independent Wealth Network Inc. now owns 30,237 shares of the company’s stock worth $1,477,000 after buying an additional 2,022 shares during the last quarter.

Capital Group Dividend Value ETF Trading Up 0.2%

Shares of NYSEARCA:CGDV traded up $0.10 on Monday, hitting $49.03. 2,509,485 shares of the company were exchanged, compared to its average volume of 4,122,210. Capital Group Dividend Value ETF has a 1-year low of $41.31 and a 1-year high of $51.63. The stock’s 50 day moving average price is $49.76 and its 200 day moving average price is $48.44. The firm has a market capitalization of $38.80 billion, a P/E ratio of 26.59 and a beta of 0.88.

Capital Group Dividend Value ETF Increases Dividend

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

About Capital Group Dividend Value ETF

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.