Capital Group Dividend Value ETF $CGDV Shares Bought by Code Waechter LLC

Code Waechter LLC increased its holdings in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 3.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 356,778 shares of the company’s stock after purchasing an additional 12,233 shares during the quarter. Capital Group Dividend Value ETF accounts for 8.4% of Code Waechter LLC’s investment portfolio, making the stock its biggest position. Code Waechter LLC’s holdings in Capital Group Dividend Value ETF were worth $17,429,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CGDV. Cetera Investment Advisers boosted its holdings in Capital Group Dividend Value ETF by 12.0% during the 1st quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock valued at $781,004,000 after acquiring an additional 1,959,868 shares during the period. WNY Asset Management LLC purchased a new position in shares of Capital Group Dividend Value ETF during the first quarter valued at about $67,648,000. Royal Bank of Canada grew its holdings in shares of Capital Group Dividend Value ETF by 19.6% during the 1st quarter. Royal Bank of Canada now owns 7,479,465 shares of the company’s stock worth $318,176,000 after acquiring an additional 1,223,486 shares during the period. Bank of America Corp DE grew its stake in Capital Group Dividend Value ETF by 7.0% in the first quarter. Bank of America Corp DE now owns 17,913,033 shares of the company’s stock worth $762,020,000 after purchasing an additional 1,166,097 shares during the period. Finally, First Pacific Financial increased its stake in shares of Capital Group Dividend Value ETF by 526.1% in the 3rd quarter. First Pacific Financial now owns 1,067,781 shares of the company’s stock worth $52,161,000 after acquiring an additional 897,226 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

CGDV stock opened at $48.45 on Friday. The firm has a 50 day moving average price of $49.52 and a 200-day moving average price of $48.62. The firm has a market capitalization of $38.46 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.

Capital Group Dividend Value ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were paid a $0.1522 dividend. This is an increase 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 1.3%. The ex-dividend date of this dividend 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.