Capital Group Dividend Value ETF $CGDV Stock Position Lowered by Midwest Heritage Bank FSB

Midwest Heritage Bank FSB cut its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 2.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 703,021 shares of the company’s stock after selling 17,331 shares during the quarter. Capital Group Dividend Value ETF accounts for approximately 10.0% of Midwest Heritage Bank FSB’s holdings, making the stock its 3rd biggest position. Midwest Heritage Bank FSB owned approximately 0.09% of Capital Group Dividend Value ETF worth $34,343,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Cetera Investment Advisers increased its stake in Capital Group Dividend Value ETF by 12.0% in the 1st quarter. Cetera Investment Advisers now owns 18,359,294 shares of the company’s stock valued at $781,004,000 after buying an additional 1,959,868 shares during the period. Bank of America Corp DE raised its position in Capital Group Dividend Value ETF by 7.0% during the 1st quarter. Bank of America Corp DE now owns 17,913,033 shares of the company’s stock worth $762,020,000 after buying an additional 1,166,097 shares during the last quarter. Advance Capital Management Inc. raised its position in Capital Group Dividend Value ETF by 1.4% during the 1st quarter. Advance Capital Management Inc. now owns 10,192,029 shares of the company’s stock worth $433,569,000 after buying an additional 140,796 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Capital Group Dividend Value ETF by 19.6% in 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. Finally, Kestra Advisory Services LLC lifted its stake in shares of Capital Group Dividend Value ETF by 14.9% in the 1st quarter. Kestra Advisory Services LLC now owns 5,857,420 shares of the company’s stock worth $249,175,000 after acquiring an additional 760,675 shares during the period.

Capital Group Dividend Value ETF Stock Up 0.8%

Shares of NYSEARCA:CGDV opened at $48.83 on Tuesday. The company has a market cap of $39.51 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. The firm’s 50-day simple moving average is $49.50 and its 200-day simple moving average is $47.34. Capital Group Dividend Value ETF has a fifty-two week low of $41.31 and a fifty-two week high of $51.63.

Capital Group Dividend Value ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were issued 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 annualized dividend and a yield of 1.2%. 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.