Capital Group Dividend Value ETF $CGDV is Souders Financial Advisors’ 3rd Largest Position

Souders Financial Advisors decreased its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 2.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,272,370 shares of the company’s stock after selling 26,152 shares during the period. Capital Group Dividend Value ETF comprises about 6.4% of Souders Financial Advisors’ holdings, making the stock its 3rd largest position. Souders Financial Advisors’ holdings in Capital Group Dividend Value ETF were worth $53,478,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Trust Co. of Vermont purchased a new position in Capital Group Dividend Value ETF during the 2nd quarter worth $29,000. Washington Trust Advisors Inc. purchased a new position in Capital Group Dividend Value ETF during the second quarter worth about $29,000. FNY Investment Advisers LLC purchased a new position in Capital Group Dividend Value ETF during the second quarter worth about $35,000. Banco de Sabadell S.A bought a new stake in Capital Group Dividend Value ETF in the 2nd quarter worth about $47,000. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Capital Group Dividend Value ETF by 38,200.0% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,149 shares of the company’s stock valued at $48,000 after buying an additional 1,146 shares during the last quarter.

Capital Group Dividend Value ETF Stock Down 0.4%

Capital Group Dividend Value ETF stock opened at $44.87 on Friday. Capital Group Dividend Value ETF has a 52 week low of $30.94 and a 52 week high of $45.12. The company’s 50 day moving average price is $43.96 and its two-hundred day moving average price is $42.53. The stock has a market cap of $28.62 billion, a P/E ratio of 26.59 and a beta of 0.89.

Capital Group Dividend Value ETF Increases Dividend

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

Capital Group Dividend Value ETF 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.