10,424 Capital Group Dividend Value ETF $CGDV Shares Purchased by Sowell Financial Services LLC

Sowell Financial Services LLC grew its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 50.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,977 shares of the company’s stock after purchasing an additional 10,424 shares during the period. Sowell Financial Services LLC’s holdings in Capital Group Dividend Value ETF were worth $1,513,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CGDV. Lantern Wealth Advisors LLC raised its position in shares of Capital Group Dividend Value ETF by 1.1% in the third quarter. Lantern Wealth Advisors LLC now owns 23,512 shares of the company’s stock valued at $1,149,000 after buying an additional 264 shares in the last quarter. Capital Investment Advisors LLC grew its position in Capital Group Dividend Value ETF by 3.2% during the third quarter. Capital Investment Advisors LLC now owns 93,503 shares of the company’s stock worth $4,568,000 after buying an additional 2,928 shares in the last quarter. Wedbush Securities Inc. acquired a new stake in Capital Group Dividend Value ETF during the third quarter worth approximately $16,827,000. BIP Wealth LLC increased its stake in Capital Group Dividend Value ETF by 2.7% during the 3rd quarter. BIP Wealth LLC now owns 648,303 shares of the company’s stock worth $31,670,000 after acquiring an additional 16,768 shares during the period. Finally, Patrick M Sweeney & Associates Inc. bought a new position in Capital Group Dividend Value ETF during the 3rd quarter worth $303,000.

Capital Group Dividend Value ETF Price Performance

Capital Group Dividend Value ETF stock opened at $48.81 on Friday. The firm has a market cap of $38.88 billion, a PE ratio of 26.59 and a beta of 0.88. The stock’s fifty day moving average price is $49.41 and its two-hundred day moving average price is $47.44. Capital Group Dividend Value ETF has a one year low of $41.31 and a one year 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 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. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.61 annualized dividend and a dividend yield of 1.2%.

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.