Secure Asset Management LLC Increases Stake in Capital Group Dividend Value ETF $CGDV

Secure Asset Management LLC grew its holdings in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 25.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 168,965 shares of the company’s stock after acquiring an additional 33,867 shares during the period. Capital Group Dividend Value ETF comprises approximately 1.2% of Secure Asset Management LLC’s holdings, making the stock its 16th largest position. Secure Asset Management LLC’s holdings in Capital Group Dividend Value ETF were worth $7,146,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CGDV. Per Stirling Capital Management LLC. raised its stake in Capital Group Dividend Value ETF by 1.1% during the 1st quarter. Per Stirling Capital Management LLC. now owns 57,742 shares of the company’s stock worth $2,058,000 after acquiring an additional 644 shares during the period. Clear Point Advisors Inc. raised its position in shares of Capital Group Dividend Value ETF by 22.8% during the 2nd quarter. Clear Point Advisors Inc. now owns 53,608 shares of the company’s stock valued at $2,117,000 after purchasing an additional 9,965 shares during the period. Tempus Wealth Planning LLC raised its position in shares of Capital Group Dividend Value ETF by 12.5% during the 2nd quarter. Tempus Wealth Planning LLC now owns 253,873 shares of the company’s stock valued at $10,025,000 after purchasing an additional 28,186 shares during the period. Creative Planning lifted its stake in shares of Capital Group Dividend Value ETF by 12.5% during the 2nd quarter. Creative Planning now owns 33,817 shares of the company’s stock valued at $1,335,000 after buying an additional 3,747 shares in the last quarter. Finally, Genesis Private Wealth LLC boosted its holdings in Capital Group Dividend Value ETF by 130.9% in the 3rd quarter. Genesis Private Wealth LLC now owns 24,798 shares of the company’s stock worth $1,042,000 after buying an additional 14,058 shares during the period.

Capital Group Dividend Value ETF Stock Performance

Shares of CGDV stock opened at $43.62 on Friday. The stock has a fifty day simple moving average of $42.92 and a two-hundred day simple moving average of $41.43. The firm has a market capitalization of $24.61 billion, a PE ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 52-week low of $30.94 and a 52-week high of $43.93.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 30th were paid a $0.1359 dividend. This represents a $0.54 annualized dividend and a yield of 1.2%. The ex-dividend date was Tuesday, September 30th. This is a positive change from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.13.

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.