Confluence Wealth Services Inc. Boosts Holdings in Capital Group Dividend Value ETF $CGDV

Confluence Wealth Services Inc. grew its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 2.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,425,920 shares of the company’s stock after acquiring an additional 155,000 shares during the quarter. Capital Group Dividend Value ETF comprises about 11.2% of Confluence Wealth Services Inc.’s investment portfolio, making the stock its biggest holding. Confluence Wealth Services Inc.’s holdings in Capital Group Dividend Value ETF were worth $228,051,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in CGDV. Clear Point Advisors Inc. lifted its position in Capital Group Dividend Value ETF by 7.1% during the third quarter. Clear Point Advisors Inc. now owns 57,403 shares of the company’s stock valued at $2,413,000 after purchasing an additional 3,795 shares during the period. Nations Financial Group Inc. IA ADV raised its stake in Capital Group Dividend Value ETF by 8.8% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 265,722 shares of the company’s stock valued at $11,168,000 after buying an additional 21,580 shares during the last quarter. Csenge Advisory Group bought a new position in shares of Capital Group Dividend Value ETF during the 3rd quarter valued at $375,000. Global Trust Asset Management LLC bought a new position in shares of Capital Group Dividend Value ETF during the 3rd quarter valued at $102,000. Finally, Magnus Financial Group LLC boosted its stake in shares of Capital Group Dividend Value ETF by 2.7% in the 3rd quarter. Magnus Financial Group LLC now owns 235,655 shares of the company’s stock worth $9,905,000 after buying an additional 6,282 shares during the last quarter.

Capital Group Dividend Value ETF Price Performance

Shares of CGDV opened at $44.55 on Friday. The firm has a market capitalization of $28.96 billion, a P/E ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a one year low of $30.94 and a one year high of $44.67. The business has a fifty day moving average of $43.60 and a 200 day moving average of $42.22.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were given a dividend of $0.1928 per share. This represents a $0.77 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, December 26th. This is an increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14.

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.