45,153 Capital Group Dividend Value ETF $CGDV Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. increased its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 15.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 335,268 shares of the company’s stock after purchasing an additional 45,153 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Capital Group Dividend Value ETF were worth $16,378,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bayban acquired a new position in Capital Group Dividend Value ETF during the first quarter valued at approximately $36,000. Torren Management LLC bought a new position 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 during the 1st quarter valued at about $62,000. CoreCap Advisors LLC raised its stake in Capital Group Dividend Value ETF by 19.5% during the second 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 period. Finally, Beacon Financial Strategies CORP acquired a new stake in shares of Capital Group Dividend Value ETF during the 2nd quarter worth approximately $79,000.

Capital Group Dividend Value ETF Stock Performance

Capital Group Dividend Value ETF stock opened at $48.83 on Tuesday. Capital Group Dividend Value ETF has a one year low of $41.31 and a one year high of $51.63. The firm has a market capitalization of $39.51 billion, a P/E ratio of 26.59 and a beta of 0.88. The company has a 50-day simple moving average of $49.50 and a 200-day simple moving average of $47.34.

Capital Group Dividend Value ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were paid a dividend of $0.1522 per share. 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 1.2%. The ex-dividend date was Wednesday, September 30th.

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.