Capital Group Dividend Value ETF $CGDV Shares Purchased by Novem Group

Novem Group grew its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 19.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 216,288 shares of the company’s stock after purchasing an additional 35,563 shares during the quarter. Capital Group Dividend Value ETF makes up approximately 1.1% of Novem Group’s investment portfolio, making the stock its 22nd largest position. Novem Group’s holdings in Capital Group Dividend Value ETF were worth $10,566,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CGDV. AA Financial Advisors LLC raised its position in Capital Group Dividend Value ETF by 3.0% in the third quarter. AA Financial Advisors LLC now owns 951,821 shares of the company’s stock worth $46,496,000 after acquiring an additional 27,508 shares during the period. Teamwork Financial Advisors LLC boosted its stake in shares of 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 acquiring an additional 6,078 shares during the last quarter. Richards Merrill & Peterson Inc. boosted its stake in shares of 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 worth $3,761,000 after acquiring an additional 12,100 shares during the last quarter. Herold Advisors Inc. grew its position in shares of Capital Group Dividend Value ETF by 8.8% during the 3rd quarter. Herold Advisors Inc. now owns 61,023 shares of the company’s stock valued at $2,981,000 after acquiring an additional 4,932 shares during the period. Finally, LongView Wealth Management grew its position in shares of Capital Group Dividend Value ETF by 8.7% during the 3rd quarter. LongView Wealth Management now owns 264,674 shares of the company’s stock valued at $12,929,000 after acquiring an additional 21,086 shares during the period.

Capital Group Dividend Value ETF Price Performance

Shares of NYSEARCA:CGDV traded up $0.10 during midday trading on Monday, hitting $49.03. The company had a trading volume of 2,509,485 shares, compared to its average volume of 4,122,210. The company has a market cap of $38.80 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 12-month low of $41.31 and a 12-month high of $51.63. The company has a fifty day moving average of $49.76 and a two-hundred day moving average of $48.44.

Capital Group Dividend Value ETF Increases Dividend

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