Valley National Advisers Inc. Increases Stock Position in Capital Group Dividend Value ETF $CGDV

Valley National Advisers Inc. grew its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 13.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,615 shares of the company’s stock after purchasing an additional 1,034 shares during the period. Valley National Advisers Inc.’s holdings in Capital Group Dividend Value ETF were worth $339,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CGDV. Hughes Financial Services LLC bought a new position in Capital Group Dividend Value ETF during the first quarter valued at approximately $28,000. Trust Co. of Vermont purchased a new stake in shares of Capital Group Dividend Value ETF during the 2nd quarter worth approximately $29,000. Capital Analysts LLC purchased a new stake in shares of Capital Group Dividend Value ETF during the 1st quarter worth approximately $30,000. Golden State Wealth Management LLC bought a new position in shares of Capital Group Dividend Value ETF during the 1st quarter valued at approximately $32,000. Finally, Fifth Third Bancorp purchased a new position in shares of Capital Group Dividend Value ETF in the first quarter valued at $37,000.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV opened at $42.43 on Tuesday. The stock has a market capitalization of $22.81 billion, a PE ratio of 26.59 and a beta of 0.91. The company’s fifty day moving average is $41.42 and its 200 day moving average is $38.60. Capital Group Dividend Value ETF has a fifty-two week low of $30.94 and a fifty-two week high of $42.53.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were given a dividend of $0.1359 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.54 annualized dividend and a dividend yield of 1.3%. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13.

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.